Feb. 12 (Bloomberg) -- Bloomberg View columnist Barry Ritholtz interviews Mohamed El-Erian, who is the chief economic adviser at Allianz SE and is also a Bloomberg View contributor. His new book is "The Only Game in Town: Central Banks, Instability and Avoiding the Next Collapse." He is chairman of President Barack Obama's Global Development Council, a Financial Times contributing editor, and the former chief executive officer and co-chief investment officer of Pimco. His book "When Markets Collide," a best-seller, won the 2008 Financial Times/Goldman Sachs Business Book of the Year. This interview aired on Bloomberg Radio.