
Adam Tooze: A Global Green New Deal
Economics & Beyond with Rob Johnson
'We Shouldn't Have Monetary Finance'
When i hear people say, you shouldn't have monetary finance, i'm concerned because essentially what they're saying is, we want two % price stability and maybe turn off the oxygen instead of four per inflation. And a continuation with environmental transformation by just what i will say wilfully blocking off that avenue in the name of price stabilly feels sort of like dinosaur logic to me. It's not obvious that for sophisticated economies like those of the united states in europe, we need anything like world warto mobilization to do the energy transition. I mean, the most dramatic estimates suggest that we needto spending two to three % of g d p in new investment over on top. What we need
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