The following is Part One of an interview with Randy Wray on the Global Crisis and the extent of the possibility of another crisis. It was conducted by students Inigo Garcia, Fahd Arnouk, and James Jasper, at Franklin College Switzerland for Mecpoc. (4 May 2011)
By: Andrea Terzi
There are no ‘scarce resources’ causing the financial crisis and the global recession! And yet, no self-correcting force is likely to operate soon. In a “money crisis”, only political authorities (who are the ultimate monopolists of money) can provide effective answers. And to be effective, these should be based on out-of-the-box thinking.