The Case for People's Quantitative Easing by Francis Ford Coppola - PDF and EPUB eBook
In the wake of the 2008 financial crisis, central banks created trillions of dollars of new money, and poured it into financial...
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Details of The Case for People's Quantitative Easing
- Exact title of the book
- The Case for People's Quantitative Easing
- Book author
- Francis Ford Coppola
- Book edition
- Number of pages
- 140 pages
- June 5th 2019 by Polity Press
- File size (in PDF)
- 560 kB
Some brief overview of book
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.