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The Case For People's Quantitative Easing

The Case For People's Quantitative Easing

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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.

Details of Book

ISBN13: 9781509531301
ISBN10: 1509531300
Language: English
Publisher: Polity
Publication Year: 2019
Format: Paperback

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A note on book covers: while we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

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  • One Line Summary

    Advocates for direct aid to people through monetary policy.

  • Who is this book for?

    If you're interested in economics and social justice, this book offers a compelling look at how monetary policy can be reshaped to benefit everyday people rather than the financial elite. Frances Coppola's ideas on people's QE provide a fresh perspective on economic recovery, making it a captivating read for those wanting to understand and perhaps influence economic fairness.

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