Quantitative Easing Vs Sovereign Money Creation
In 2010 the UK government cancelled a program to rebuild 715 schools, because they’d run out of money. But at the same time the Bank of England had created £375 billion of new money through a program called Quantitative Easing. Instead of this money being spent on something useful, it was pumped into the financial markets, benefitting the richest 5% but doing almost nothing to create jobs and stable economic recovery. Sovereign Money Creation (SMC) is far more powerful at creating jobs and boosting the real economy. Every £1 of QE adds just 8p to the economy, while every £1 from SMC boosts GDP by £2.80.
0.0 ·
0
Trending Today
This Animation About The Clitoris Will Amuse and Educate
3 min6,732 views today ·
The Trap of Righteousness
Charles Eisenstein3,151 views today ·
This Facebook Comment About the UK Election Is Going Viral
Chris Renwick2,370 views today ·
This Trump Pipeline Prank Should Win an Activism Oscar
2 min1,681 views today ·
Paramedic's Response to "Burger Flippers" Making an Equal $15/Hour is Beautiful
Craig Carilli1,471 views today ·
I Promise, It's Not Lame to Ask a Woman for Permission
Dave Booda1,236 views today ·
If You Haven't Seen the New Moby and Steve Cutts Music Video, Watch It Now
3 min1,137 views today ·
Schooling the World (2010)
66 min822 views today ·
Brexit Means Titanic
2 min665 views today ·
Load More
What's Next
97% Owned (2012)
120 min
The Shocking Reason Why the Rich Are Getting Richer Explained Beautifully in 3 Minutes
3 min
The Secret of Oz (2009)
110 min
Like us on Facebook?
Quantitative Easing Vs Sovereign Money Creation