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OverviewIn 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. Full Product DetailsAuthor: Frances CoppolaPublisher: John Wiley and Sons Ltd Imprint: Polity Press Dimensions: Width: 13.00cm , Height: 1.80cm , Length: 19.30cm Weight: 0.249kg ISBN: 9781509531295ISBN 10: 1509531297 Pages: 140 Publication Date: 28 June 2019 Audience: Professional and scholarly , Professional & Vocational Format: Hardback Publisher's Status: Active Availability: Out of stock The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available. Table of ContentsReviews'Irresponsible bank lending caused the crisis of 2008, and increased inequality dramatically. Bernanke's Quantitative Easing rewarded banks, and increased inequality further. I agree with Coppola that the next QE should be for the people. Read this book to learn how it would work.' Steve Keen, author of Debunking Economics 'Frances Coppola is a world expert on commercial and central banking. Her defence of People's QE is a must-read for all those engaged in the debate. No one else could approach this subject more authoritatively.' Ann Pettifor, Director of Policy Research in Macroeconomics (PRIME) `Irresponsible bank lending caused the crisis of 2008, and increased inequality dramatically. Bernanke's Quantitative Easing rewarded banks, and increased inequality further. I agree with Coppola that the next QE should be for the people. Read this book to learn how it would work.' Steve Keen, author of Debunking Economics `Frances Coppola is a world expert on commercial and central banking. Her defence of People's QE is a must-read for all those engaged in the debate. No one else could approach this subject more authoritatively.' Ann Pettifor, Director of Policy Research in Macroeconomics (PRIME) Author InformationFrances Coppola is a financial writer and blogger who appears regularly in Forbes and The Financial Times. Her blog is coppolacomment.com Tab Content 6Author Website:Countries AvailableAll regions |