Professor Richard Werner joins Liz Truss to explain the origins of quantitative easing, why he created the concept, and how central banks transformed it into something very different.
Drawing on his experience as Chief Economist in Japan during the country's asset bubble and crash, Werner explains how banks create money, why property booms occur, what causes inflation, and why many governments misunderstand how economies really function.
The discussion covers Japan's lost decades, Britain's housing market, banking reform, central bank policy, economic growth, inflation, credit creation, and the future of Western economies.
If you want to understand how money is created, why house prices keep rising, and why economic crises seem to repeat themselves, this is a conversation you won't want to miss.
Topics Covered:
Quantitative Easing (QE)
How banks create money
Inflation and monetary policy
Britain's housing market
Japan's economic crash
Asset bubbles
Central banking
Economic growth
Credit creation
Banking reform
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