June 13, 2016

Macro Musings 10: Lars Christensen on the Eurozone Crisis and International Monetary Policy

Hosted by David Beckworth of the Mercatus Center, Macro Musings is a new podcast which pulls back the curtain on the important macroeconomic issues of the past, present, and future.

Lars Christensen, an internationally renowned Danish economist and Senior Fellow at London’s Adam Smith Institute, discusses the poor monetary policy that has plagued the Eurozone. Christensen, the coiner of the term “market monetarism,” argues that Europe from the beginning was not an optimal region for its members to share a single currency and that the European Central Bank’s decisions have greatly worsened the Eurozone’s economic pain. This suffering, consequently, has led to the rise of extremist movements throughout the region. Lars and David also turn their conversation to the lesser-known “dollar bloc,” the group of countries that either use the U.S. dollar or peg their currencies to the dollar.