Emeritus Prof Christopher May on Nostr: Q. So Rachel, is now the time for people's QE (quantitative easing)? During the last ...
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'?
#economics #Keynes
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'?
#economics #Keynes