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People’s Quantitative Easing: Richard Murphy and Colin Hines 

October 15, 2017

Accountant Richard Murphy and Green New Deal co-ordinator Colin Hines, anticipate another credit-crunch-induced “crash”, when the only feasible and affordable rescue package will be another form of quantitative easing (QE).

Christopher Thompson, a widely respected journalist, recently wrote (New Statesman paywall) about the asset-rich reaping the benefits of Western governments printing trillions to boost their economies, while the millennials and poor have lost out. An earlier Telegraph article noted:

“A pervasive sense that the financial elites pulled a blinder – while austerity is for little people”. 

QE must generate jobs for the “left behind” and other workers in the entire country rather than today’s beneficiaries – the financiers and the property-and-share-owning rich.

Read on here: https://preparingforgovernment.wordpress.com/2017/10/15/peoples-quantitative-easing-richard-murphy-and-colin-hines/

 

 

 

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