Mervyn King: Monetary Policy Is Not Sole Solution

The video discusses the role of central banks in providing liquidity and the challenges of achieving economic stability. It highlights the limitations of monetary policy in restoring equilibrium and the need for broader policy changes. The discussion also covers market adjustments and the ongoing struggle to clear balance sheets since the 2008 financial crisis.

What lessons does the speaker suggest we learn from the actions taken since 2008?

How does the speaker view the role of monetary policy in the current economic situation?