TED talks: we need money for aid. So let’s print it – Michael Metcalfe
Can the lessons learned from saving the financial system be used to help us overcome poverty? Michael Metcalfe says yes, and in a fascinating TED talk explains why printing money for international aid is a no-brainer.
Metcalfe, a British senior director at State Street Global Markets in the US, outlines how during the financial crisis, the US, UK and Japanese central banks created $3.7 trillion (£2.21 trillion) in order to buy assets and encourage investors to do the same.
He says these same institutions could help millions by doing exactly the same thing, in an effort to ensure we stay on track with international aid goals.
To watch this video on the TED website, click here.
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