In the wake of the 2008 financial crisis, central banks created trillions of dollars of new money, & poured it into financial markets. ‘Quantitative Easing’ (QE) was supposed to prevent deflation & 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 & banks – the same banks whose reckless lending caused the crash. This led to a decade of stagnation, not recovery. QE failed.

The Case For People's Quantitative Easing

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. Available in store and online.

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