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Michael Metcalfe Promotes Printing More Money in his Poverty Keynote

 - Mar 3, 2014
References: statestreet & youtube
Michael Metcalfe talks about the need for governments to print more money to increase aid to end poverty worldwide in his poverty keynote. Metcalfe proposes that the wealthy nations in the world need to print more money in order to continue to make aid payments to developing and underdeveloped countries.

Metcalfe suggests that such a policy would work in much the same way that money was created to help pull nations out of the economic slump in the mid 2000s. In his poverty keynote, Michael Metcalfe argues for having the central bank mandated to match government aid payments to a certain limit. This increase in funds would naturally mean more goods and services in poor countries.