Preventing the Next Market Crash

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.

"[Inequality] has gone from creating incentives for hard work to actually undermining the economy as a whole." -@elerianm

— Brian Lehrer Show (@BrianLehrer) February 10, 2016