Under the title ‘Misguided policies and economic risk’ he talks ‘frankly about Europe, global growth and how best to respond to the current uncertain climate.’
Here some of his statements (be sure you’re seated when reading);
“If we had too much spending and too much borrowing before the crisis and we have even more spending and borrowing now, then we’re moving further and further away from the point that we’ve got to get back to. So monetary policy is not only meeting diminishing returns, but it’s making the ultimate adjustment even bigger. It’s taking us in the wrong direction,â€
