People don’t have money to spend – and the government won’t act
The latest economic package won’t provide durable stimulus
quantitative easing
George Osborne is in denial and Carney can’t do it alone – we need an action plan for the economy
As well as responding to the shock of Brexit, our economic policy must begin to repair the country
Comment: What the British left can learn from Greece
What’s good for the European project is not always good for the people of Europe
Green Infrastructure QE can steer Europe off the austerity road to ruin
The programme could provide Europe with millions of fairly paid jobs, substantial tax revenues and help to address climate change
Austerity and the misspent QE trillions
Austerity has enriched multinational companies and the owners of financial and real assets, while grinding down the value of earned income, pensions and benefits.
Britain’s trade deficit persists in spite of sterling devaluation
Quantitative easing and ‘loose’ monetary policy have not been successful in boosting UK export performance.
Will the end of Quantitative Easing trigger a second crisis?
Something strange has been happening in stock markets since 2008: they have been going up. Not just up, but absolutely flying. Through the prolonged failed recovery, unemployment, an investment crisis, the Fukushima crisis and the EU debacle, Wall street, still the market all else look to, has doubled in value.
Bank of England confirms rich made richer by QE
Will a politician have the courage to make the case for measures to deliberately redistribute from rich to poor if only to correct the redistribution that has taken place in the opposite direction as a result of QE?
QE must be accompanied by economic stimulus if it is ever to work
With evidence overwhelmingly pointing to the need for demand boosting measures to kick-start the economy, we need to ask City economists the same question that John Maynard Keynes asked when challenged about his change in economic policy to tackle the Great Depression in the 1930s:
“When my information changes, I alter my conclusions. What do you do, sir?”
In Defence of Quantitative Easing
In the absence of fiscal stimulus, that is an injection of government spending, and with interest rates at rock bottom, the alternative to quantitative easing is mass unemployment. We have no choice.