The Case For People's Quantitative Easing
Book Details
Format
Paperback / Softback
Book Series
The Case For
ISBN-10
1509531300
ISBN-13
9781509531301
Publisher
John Wiley and Sons Ltd
Imprint
Polity Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jun 28th, 2019
Print length
140 Pages
Weight
170 grams
Dimensions
12.40 x 18.90 x 1.20 cms
Product Classification:
MacroeconomicsPolitical economy
Ksh 1,800.00
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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.
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