Contributor(s): Lord Turner | Too much private debt led to the disastrous crisis of 2008. In future public policy must constrain the quantity and influence the allocation of private credit creation. And we should ‘print money’ to escape the post crisis mess. That sounds dangerous – but relying on private credit to drive growth is more so. Adair Turner (@AdairTurnerUK) has combined careers in business, public policy and academia. He became Chairman of the United Kingdom Financial Services Authority as the financial crisis broke in September 2008, and played a leading role in the redesign of the global banking and shadow banking regulation as Chairman of the International Financial Stability Board's major policy committee. He is now a Senior Fellow of the Institute for New Economic Thinking, and at the Centre for Financial Studies in Frankfurt. Prior to 2008, Lord Turner was a non-executive Director at Standard Chartered Bank (2006-2008); Vice Chairman of Merrill Lynch Europe (2000-2006); and, from 1995-1999, Director General of the Confederation of British Industry. He was with McKinsey & Co. from 1982 to 1995. Lord Turner became a cross-bench member of the House of Lords in 2005 and was appointed Chair of the Climate Change Committee in 2008, stepping down in 2012; he also chaired the Pensions Commission from 2003 to 2006, and the Low Pay Commission from 2002 to 2006. He is the author of Just Capital – The Liberal Economy (Macmillan, 2001), Economics after the Crisis, (MIT Press, 2012) and his newest book, Between Debt and the Devil: Money, Credit, and Fixing Global Finance and holds Visiting Professorships at the London School of Economics and at Cass Business School, City University. He is a Trustee and Chair of the Audit Committee at the British Museum. Robert Peston (@Peston) is the BBC's Economics Editor and founder of the education charity, Speakers for Schools. He has written three books, How Do We Fix This Mess, Who Runs Britain?, and Brown’s Britain. Peston has won more than 30 awards for his journalism, including Journalist of the Year from the Royal Television Society. The Financial Markets Group Research Centre (FMG) at LSE (@FMG_LSE) is one of the leading European centres for academic research into financial markets and is a focal point for research communication with the business, policy making, and academic finance communities.