MONEY: A Zero-Sum Game?

Is money a zero-sum game? A new book by former CEA Krishnamurthy Subramanian and Krishnamurthy Vaidyanathan raises this question, with the authors stating that money, an indispensable part of our lives, determines our economic well-being. In any economy, money is an asset to “we the people” who own it and is a liability for the institutions that owe it. While establishing that money, thus, is a zero-sum game – there are no winners in this game without losers – the book explains how the money game is played. Understanding this zero-sum game is crucial as each one of us is a participant in this game. The book develops a new framework for money by combining our practical experience as bankers with the rigour of economics. Watch the exclusive conversation.