Richard Koo: How the West is repeating Japan’s mistakes

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In INET’s exclusive interview with Richard Koo, Chief Economist of Nomura Research Institute, he discusses the ideas behind “Balance Sheet Recessions”, why QE2 won’t work, and how China’s monetary policy was effective in the wake of the Global Financial Crisis.

Source: INET (via YouTube.com), March 10, 2011 (hat tip: The Big Picture).

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