CultureCitizen
Silver Member
- Jun 1, 2013
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Steve Keen is proposing QE for the people, that is NOT QE for the banks.
QE normally buys junk assets from the banks, this has created asset bubbles ( his words , not mine).
Now QE for the people would put money into citizens, with the condition that if they have a debt , the money would go directly to pay their debt.
Damn it , I never thought I would agree so wholeheartedly with an economist of the austrian school.
QE normally buys junk assets from the banks, this has created asset bubbles ( his words , not mine).
Now QE for the people would put money into citizens, with the condition that if they have a debt , the money would go directly to pay their debt.
Damn it , I never thought I would agree so wholeheartedly with an economist of the austrian school.