About this ebook
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.
Ratings and reviews
2.0
2 reviews
Yash Jain
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April 27, 2020
She doesn't hide her bias in favoring central banks and her beliefs in QE. A lot of her book is blaming right wing govt and not the left wing worldviews that have brought the world economy to a bad state it was before Donald J. Trump was elected, after which we have seen the greatest economy in the world. Not worth the buy, very biased.
About the author
Frances Coppola is a financial writer and blogger who appears regularly in Forbes and The Financial Times. Her blog is coppolacomment.com
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