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.
| ISBN: | 9781509531295 |
| Publication date: | 28th June 2019 |
| Author: | Frances Coppola |
| Publisher: | Polity Press |
| Format: | Hardback |
| Pagination: | 147 pages |
| Series: | The Case for Series |
| Genres: |
Economics |
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.
The Case for People's Quantitative Easing features in the following genres: Economics
The Case for People's Quantitative Easing is available in Hardback
The Case for People's Quantitative Easing was written by Frances Coppola and published by Polity Press
The Case for People's Quantitative Easing has 147 pages
Yes it is part of The Case for Series series