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The Case for People's Quantitative Easing - by Frances Coppola (Paperback)

About this item

Specifications

Number of Pages: 140

Genre: Political Science

Sub-Genre: Public Policy

Series Title: Case for

Format: Paperback

Publisher: Polity Press

Age Range: Adult

Book theme: Economic Policy

Author: Frances Coppola

Language: English

TCIN: 79186147
UPC: 9781509531301
Item Number (DPCI): 247-06-7975

Description

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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