Ideas worth spreading

We need money for aid. So let’s print it.

810,790 views | Michael Metcalfe • TED@State Street Boston

During the financial crisis, the central banks of the United States, United Kingdom and Japan created $3.7 trillion in order to buy assets and encourage investors to do the same. Michael Metcalfe offers a shocking idea: could these same central banks print money to ensure they stay on track with their goals for global aid? Without risking inflation?

During the financial crisis, the central banks of the United States, United Kingdom and Japan created $3.7 trillion in order to buy assets and encourage investors to do the same. Michael Metcalfe offers a shocking idea: could these same central banks print money to ensure they stay on track with their goals for global aid? Without risking inflation?

About the speaker

Michael Metcalfe

Michael Metcalfe

Financial expert

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A senior managing director and head of global macro strategy at State Street Global Markets, Michael Metcalfe provides high quality capital flow research.

Michael McLeay, Amar Radia and Ryland Thomas | Bank of England Quarterly Bulletin, 2014 | Article

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An article on the potential benefits of modest money creation and why over monetary finance of fiscal deficits should not be such a taboo.

Michael Metcalfe | Bloomberg BusinessWeek, 2014 | Article

Print Money to Help the Poor

An article in Bloomberg BusinessWeek with a little more detail on the practical implications of the idea highlighted in this talk.

About TED Institute

Every year, TED works with a group of select companies and foundations to identify internal ideators, inventors, connectors, and creators. Drawing on the same rigorous regimen that has prepared speakers for the TED main stage, TED Institute works closely with each partner, overseeing curation and providing intensive one-on-one talk development to sharpen and fine tune ideas. The culmination is an event produced, recorded, and hosted by TED, generating a growing library of valuable TED Talks that can spur innovation and transform organizations.

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