[Josh Martin]
This article scrutinizes the pro-banker approach the EU has taken in the aftermath of the recession and argues that we should be giving the money to the people instead. Jenkins discusses the QE practiced by the US and the EU and mourns its shortcomings. In contrast, Jenkins mentions the policy put forward by John Muellbauer to create “QE for the people” as a sort of basic income to the citizens instead of channeling the money to the banks.
Simon Jenkins, “We should cash-bomb the people – not the banks”, The Guardian, 26 November 2014.
Jean-Claude Juncker claimed the €21bn European fund would ‘entice private backers to invest ‘up to' 15 times the sum. Who will invest when there is no demand?' Photograph: Walter Geiersperger/Corbis (Source: The Guardian)
