Emeritus Prof Christopher May<p>Q. So Rachel, is now the time for people's QE (quantitative easing)?</p><p>During the last financial crisis many Central Banks poured liquidity into the system by buying 'distressed assets' & 'refloating' the financial system.</p><p>Then many argued for a more Keynsian 'People's QE' that would put money not into the hands of asset holders but of everyday people.</p><p>Perhaps, with another period of stagnation upon us, we should be arguing for people's QE to revive 'effective demand'?</p><p><a href="https://zirk.us/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economics</span></a> <a href="https://zirk.us/tags/Keynes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Keynes</span></a></p>