Olivier Blanchard's recipe for avoiding future calamities of the kind recently witnessed is for monetary policy to be even looser and inflation rates even higher.
Marius Gustavson
Marius Gustavson is a research fellow at the Reason Foundation, where he examines economic issues, including monetary policy, the recent financial crisis and its aftermath. He also works for the Norwegian think tank Civita, where he published a book-length report on the causes of the financial collapse. Gustavson is currently writing a book on the global recession and working on the "Sound Money Project" organized by the Atlas Economic Research Foundation.
Latest work
As the ominous example of Japan shows us, soaring debt levels (resulting from fiscal stimulus and low growth) and financial forbearance (socializing private losses) is not a recipe for economic success.
