Bernard A. Lieter is the former head of The Central Bank of Belgium. Here he gives a talk at the EFC Conference in Belgium in 2009 on the what and why of the current monetary system and what maybe done to improve it’s robustness. I do not agree with all his ideas and suggestions but it is worth a look and listen as he does bring up some very valid points. Such as why it’s taboo to talk of the monetary system and why any suggestion to improve it is quickly shot down. Hint – to maintain the status quo.
h/t to Ives Smith at Naked Capitalism for posting one of the 5 parts to this presentation.