The five things you need to know on Thursday, October 6… 1) KIP, KIP, HOORAY? Theresa May’s speech certainly got several
Imagine you needed to solve the greatest problem facing humanity; a problem that was universally acknowledged and whose solution was an urgent necessity. Most of us would do anything to save a person we love. Surely we would also spend any amount of money, mortgage our futures even, to save the planet, our life-support system, from catastrophic climate change? But with such commitment and devotion comes vulnerability. This is particularly so when it comes to the issue of climate finance.
Let us escape from the straightjacket imposed by the "moneymen", and invest in the future of Britain through Quantitative Easing for people.
I don't want to see a re-hash of decrepit, old economic policies that do nothing to push us forward. Corbyn's policy of using quantitative easing to pay for infrastructure is a perfect example of this.
What makes me nervous is the way Corbyn and his allies are flourishing QE as though it solves all economic problems at a stroke. Using the power of money creation is not something that can be done irresponsibly; it must be subject to two important constraints.
Politicians and opinion-formers, please stop listening to the "moneymen". Go back to first principles and start using some common sense.
I am not opposed to turning on the money printing presses. But I am if the result is a boom to be followed by a bust with a few benefitting enormously at cost to many in the meantime. This is the time for QE, but Green QE is what we need and is not what we're getting.
The European Central Bank's plan to pump over one trillion euros (£960 billion) into the region's ailing economy has been
Those of us who have decried the way the policies of austerity and monetary stimulus have been used to benefit the rich at the expense of the poor should be arguing now that, when the ECB loosens the purse-strings, it must use the principle of sustainability to guide how QE should be implemented...
In an additional effort to revive the ailing European economy, the ECB is now preparing to expand the money supply through the purchase of asset-backed securities.