Tuesday, December 1, 2015

How Nouriel Roubini Wants to Spend Your Money to Save the World

New York University Keynesian economist Nouriel Roubini has a plan to save the world (using your money).

He writes in the Nikkei Asian Review:
Europe is not doomed to collapse. The crises that it now confronts could lead to greater solidarity, more risk sharing, and further institutional integration. Germany could absorb more refugees (though not at the rate of a million per year). France and Germany could provide and pay for military intervention against the Islamic State. All of Europe and the rest of the world - the US, the rich Gulf States - could provide massive amounts of money for refugee support and eventually funds to rebuild failed states and provide economic opportunity to hundreds of millions of Muslims and Africans.

1 comment:

  1. Is 'massive amounts of money' now an economics term?