The Case For People's Quantitative Easing
$127.02
- Hardcover
140 pages
- Release Date
27 June 2019
Summary
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 b…
Book Details
| ISBN-13: | 9781509531295 |
|---|---|
| ISBN-10: | 1509531297 |
| Series: | The Case For |
| Author: | Frances Coppola |
| Publisher: | John Wiley and Sons Ltd |
| Imprint: | Polity Press |
| Format: | Hardcover |
| Number of Pages: | 140 |
| Release Date: | 27 June 2019 |
| Weight: | 249g |
| Dimensions: | 193mm x 130mm x 18mm |
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Critics Review
‘Irresponsible bank lending caused the crisis of 2008, and increased inequality dramatically. Bernanke’s Quantitative Easing rewarded banks, and increased inequality further. I agree with Coppola that the next QE should be for the people. Read this book to learn how it would work.’Steve Keen, author of Debunking Economics
‘Frances Coppola is a world expert on commercial and central banking. Her defence of “People’s QE” is a must-read for all those engaged in the debate. No one else could approach this subject more authoritatively.’Ann Pettifor, Director of Policy Research in Macroeconomics (PRIME)
About The Author
Frances Coppola
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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