The Case for People’s Quantitative Easing
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ISBN-13:
9781509531301
Veröffentl:
2019
Erscheinungsdatum:
03.09.2019
Seiten:
140
Autor:
Frances Coppola
Gewicht:
169 g
Format:
190x126x14 mm
Sprache:
Englisch
Beschreibung:
In the wake of the 2008 financial crisis, central banks created trillions of dollars of new money, and poured it into financial markets. 'Quantitative Easing' (QE) was supposed to prevent deflation and restore economic growth.But the money didn't go to ordinary people: it went to the rich, who didn't need it. It went to big corporations and banks - the same banks whose reckless lending caused the crash. This led to a decade of stagnation, not recovery. QE failed.In this book, Frances Coppola makes the case for a 'people's QE', in which the money goes directly to ordinary people and small businesses. She argues that it is the fairest and most effective way of restoring crisis-hit economies and helping to solve the long-term challenges of ageing populations, automation and climate change.
IntroductionSection 1 The Great ExperimentSection 2 Understanding MoneySection 3 QE for the People: A Better WaySection 4 Some (Weak) Objections to QE for the PeopleSection 5 Lessons for the Next DepressionNotes
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