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Scoop.it!
Martin Wolf examines how the search to revive growth is testing the norms of economics. 
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Scoop.it!
"And that is where we are now: despite repeated rounds of QE, there is still too little money chasing too many goods. The current form of QE is merely an asset swap: dollars for existing financial assets (federal securities or mortgage-backed securities). The rich are getting richer from bank bailouts and very low interest rates, but the money is not going into the real economy, which remains starved of the funds necessary to create the demand that would create jobs. To be effective for that purpose, a helicopter drop of money would need to fall directly into the wallets of consumers. Far from being “undisciplined fiscal policy,” getting some new money into the real economy is imperative for getting it moving again."
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Macro-fund manager and economist Eric Lonergan argues that the European Central Bank should distribute money to all residents as an alternative to QE
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Why Not People’s Quantitative Easing ? Winter Why Nots - Keiser Report Economic collapse and financial crisis is rising any moment. Getting informed about co...
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Tweet Both John Maynard Keynes and Milton Friedman proposed a style of Quantitative Easing (QE) that was aimed at the real economy. In effect they advocated a different form of QE than that which we are experiencing today: one that … Continue reading →
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