The Case for People's Quantitative Easing

by Frances Coppola

Book Overview

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,...

• Format: Paperback
• Language: English
• ISBN: 1509531300
• ISBN13: 9781509531301
• Release Date: September 2019
• Publisher: Polity Press
• Length: 140 Pages
• Weight: 0.35 lbs.
• Dimensions: 0.5" x 4.9" x 7.4"