Name: We need money for aid. So let’s print it.
Uploaded: 2014-02-26T16:15:01Z
Duration: 14 min 10 s
Description: During the financial crisis, the central banks of the United States, United Kingdom and Japan created $3.7 trillion in order to buy assets and encourage investors to do the same. Michael Metcalfe offers a shocking idea: could these same central banks print money to ensure they stay on track with their goals for global aid? Without risking inflation?

Michael Metcalfe: We need money for aid. So let’s print it.

We need money for aid. So let’s print it.

During the financial crisis, the central banks of the United States, United Kingdom and Japan created $3.7 trillion in order to buy assets and encourage investors to do the same. Michael Metcalfe offers a shocking idea: could these same central banks print money to ensure they stay on track with their goals for global aid? Without risking inflation?

Central banks created $3.7 trillion to stabilize economies during the financial crisis, yet international aid has stalled or dropped. The proposal: use targeted money creation to match government aid contributions, boosting support for the world's most vulnerable. Modeling suggests this approach could increase global aid by nearly 40 percent with modest inflation risk. Past fears about inflation proved overstated, opening a rare window to rethink how nations fund their humanitarian commitments.