We use cookies to tailor your experience and present relevant ads. By clicking “Accept”, you agree that cookies can be placed per our Privacy Policy
ACCEPT
avatar image
Advertisement
Willem H. Buiter

Willem H. Buiter

Willem H. Buiter is visiting professor of international and public affairs at Columbia University.
Willem H. Buiter is visiting professor of international and public affairs at Columbia University.
Languages Spoken:
English

War and the pandemic left most countries facing high inflation and low growth in 2022. Yet while there is always the risk of further shocks, stagflation need not become a long-term problem, provided monetary authorities maintain restrictive policies.

Following Russia’s invasion of Ukraine, a nuclear conflict between global powers seems more likely now than it has in decades. The financial world seems to barely notice, though, with a lack of any meaningful negative response in asset markets.

videocam

Believers in cryptocurrency insist it offers a transparent, decentralised alternative to the fiat monetary system. In reality, it has all the same inconsistencies, with the added drawbacks of being spectacularly risky, carbon intensive and easily co-opted for cybercrime.

videocam

Bitcoin is an excessively risky and environmentally undesirable investment, not a sensible solution to emerging market problems. It cannot possibly serve as a store of value or reliable medium of exchange.

videocam
Advertisement