Watson Institute for International and Public Affairs

Blyth in Foreign Affairs

"Rather than trying to spur private-sector spending through asset purchases or interest-rate changes, central banks ... should hand consumers cash directly."

August 19, 2014

Mark Blyth, professor of international political economy, and hedge fund manager Eric Lonergan argue that the way to improve the global economy's problem of insufficient spending is not to pump new money into the financial system, but to employ direct money transfers to reduce dependence on the banking system for growth.

"Print Less but Transfer More" by Mark Blyth and Eric Lonergan - Foreign Affairs