From an article on People’s Quantitative Easing for The Independent

Peoples’ Quantitative Easing is both radical and dangerous. But it may also be the best tool we have to deal with the legacy of previous policy mistakes.

Jeremy Corbyn has barely had enough time to warm his new office chair so any discussion of his policy agenda must be a little tentative. That said early indications suggest People’s Quantitative Easing (PQE) – a policy of funding infrastructure investment with printed money – will form a corner stone of his economic plan.

In both Westminster and the City PQE has been greeted with a combination of astonishment and derision. Parallels have been drawn with Germany’s hyperinflation in the 1920s and more recently the same outcome in Zimbabwe. Such comparisons cannot and should not be brushed aside. That said we should not dismiss PQE without taking an honest look at the long term dangers of what we now consider to be conventional monetary policy. Read More