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The Case For People′s Quantitative Easing: The Case For

Autor F Coppola
en Limba Engleză Paperback – 27 iun 2019
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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Specificații

ISBN-13: 9781509531301
ISBN-10: 1509531300
Pagini: 140
Dimensiuni: 125 x 187 x 12 mm
Greutate: 0.2 kg
Editura: Polity Press
Seria The Case For

Locul publicării:Chichester, United Kingdom

Notă biografică

Frances Coppola is a financial writer and blogger who appears regularly in Forbes and The Financial Times. Her blog is coppolacomment.com

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Descriere

"As the 2008 financial crisis ravaged economies, central banks turned to quantitative easing to prevent a return to the 1930s. There wasn't a repeat of the Great Depression, but there certainly wasn't a recovery. Instead, there was a decade of stagnation. It's clear: QE failed. In this book, Frances Coppola makes the case for a different type of QE"--