Q. So Rachel, is now the time for people's QE (quantitative easing)?
During the last financial crisis many Central Banks poured liquidity into the system by buying 'distressed assets' & 'refloating' the financial system.
Then many argued for a more Keynsian 'People's QE' that would put money not into the hands of asset holders but of everyday people.
Perhaps, with another period of stagnation upon us, we should be arguing for people's QE to revive 'effective demand'?
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TerryB
In response to this post@ChrisMayLA6 You don't understand. When big companies are give truck loads of govt cash it's essential investment. When struggling employees are given an adequate income it's encouraging inflation. 🤔
@TerryBTwo
[face palm].... silly me, of course
by Emeritus Prof Christopher May ;
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John_Loader
In response to this post@ChrisMayLA6 Australia sent everyone money
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Quixoticgeek
In response to this post@ChrisMayLA6 given the BOE has been pushing a policy of quantitive tightening...
Which is frankly bonkers.
@quixoticgeek
Indeed, I have a piece for North West Bylines out tomorrow noting that the current slowdown/recession which the media seems to be blaming on Reeves' budget actually has been largely (if not exclusively) caused by 18-24 months of BoE interest rate policy.... which commentators seem happy to ignore.
by Emeritus Prof Christopher May ;
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