“As some of the world’s top central bankers start to admit that standard quantitative easing is failing to generate growth, previously taboo ideas can be mentioned, including QE for the People, discussed here last week.” (Source: Reuters Blogs)
Interesting and provocative ideas from financial economist Anatole Kaletsky (author of "Capitalism 4.0"). Give the new money created by central banks to the people instead of the banksters.
The problem with Kaletsky’s potentially popular solution for our Great Depression? The money given to people should be used for new consumption. As in his famous book, Kaletsky does not question economic growth, the consumer society, inequality or capitalism. Worth reading nevertheless.
Robert Searle said: