Friday, 5 July 2013
Quantitative Easing The Canadian Way
QE Quantitative Easing - using the Bank of England's ability to create money - continues to be the policy. Why is the BoE putting it into banks!- bypassing the parts of the economy that desperately need it.
The question for the new Canadian Governor of the BoE is if we are going to print money, shouldn't we do something useful with it - like use it to build green infrastructure or for low interest loans for social enterprises, and small business. Just as Canadan Liberals did in the 1940s very successfully.
Josh Ryan-Collins of the New Economics Foundation has written an open letter to the Governor http://www.neweconomics.org/blog/entry/using-qe-to-rebuild-the-uk-economy-the-canadian-way
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