William White started his career at the Bank of England before moving to the Bank for International Settlements where he served as chief economist. Today he is the chairman of the Economic and Development Review Committee at the OECD in Paris. Last fall Bill received the Adam Smith prize, the highest honor of the US National Association of Business Economists, where he gave a speech titled Ultra-Easy Money: Digging the Hole Deeper? In this conversation we discuss where his contrarian economic philosophy comes from, how it leads him to worry a bit more than most about the undesired side effects of experimental monetary policy and its possible end games. You can learn more about Bill at his website, WilliamWhite.ca. Below are a few notes and links related to this episode.
- A Random Walk Down Wall Street by Burton Malkiel
- The Structure of Scientific Revolutions by Thomas Kuhn
- Thinking Fast and Slow by Daniel Kahneman
- Balance Sheet Recession by Richard Koo
- The Financial Instability Hypothesis by Hyman Minsky
- BIS 87th Annual Report
- The Second Machine Age by Eric Brynjolfsson and Andrew McAfee
- Lords of Finance: The Bankers Who Broke the World by Liaquat Ahamed
- This Time Is Different: Eight Centuries of Financial Folly by Carmen Reinhart and Kenneth Rogoff
- The End of Banking by Jonathan McMillan
