Mark Blyth

Author, Researcher, Educator, and Consultant on International Political Economy

Piece up in The Guardian

Short piece on QE for the rest of us up in the Guardian with Eric Lonergan and Simon Wren-Lewis.

http://tinyurl.com/pnd8abk

One thought on “Piece up in The Guardian

  1. Andrew says:

    May I offer a slight refinement on this proposal? There is every chance that, especially after an economic shock, consumers will merely bank most of these extra funds. This would result, effectively, in a large part of the payment ending up in bank accounts. Ironically the same end result as regular QE.

    Therefore I offer this suggestion. Issue each taxpayer with a Central Bank credit card against which payments can be made. Credit on the card should have a short time limit – ‘use it or lose it’. Further, any such payments should be made intermittently and be large in order to encourage the public to boost spending to the maximum extent possible.

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