FMG public lecture and book launch at LSE where Patrick Bolton and Haizhou Huang discussed their new book "Money Capital: New Monetary Principles for a More Prosperous Society": https://www.fmg.ac.uk/events/money-capital-new-monetary-principles-more-prosperous-society
Date: Thursday 31st October 2024 Time: 18:30 - 20:00 GMT
Speakers: Patrick Bolton (Imperial College London) and Haizhou Huang (Tsinghua University and Shanghai Jiaotong University)
Chair: Charles Goodhart (FMG/LSE)
The founding ideas of this book are that fiat money is the equity capital of a nation, and inflation costs for a nation are akin to dilution costs for shareholders. The authors ask two key questions: How does money enter the economy, and what does it buy? The book outlines a framework that integrates the real and monetary sides of the economy, with a banking sector and debt at its core.
#lse #banking #FMGLSE #LSEMoneyCapital