Why can't central banks save the world?

MARTIN WOLF

Here's Why The ECB Will Always Disappoint

Simone Foxman

Late last month at the Israeli Presidential Conference, we sat down with influential economic commentator and Financial Times columnist Martin Wolf to discuss the failure of the European Central Bank to take big enough steps to calm concerns about banking and sovereign debt crises in Europe.

In the wake of yesterday's central bank action from around the world—including a rate cut from the ECB—we've published a full transcript of our conversation.

......

Read more: www.businessinsider.com