Preventing the Next Market Crash

The Brian Lehrer Show | Feb 10, 2016

Mohamed El-Erian, chair of President Obama’s Global Development Council, chief economic advisor at Allianz, the corporate parent of PIMCO, Bloomberg columnist and the author of The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse (Random House, 2016), says we're over-reliant on central banks but they don't have the tools to deliver a genuine recovery, which means it's time for governments to create new entities for today's markets.

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