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review version

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html import

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Events

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2024-11-13 03:14:48

expired found date

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Open Graph

title

McCurry's Weblog

description

UK politics as seen from the left

site name

McCurry's Weblog

author

updated

2026-02-15 09:04:46

raw text

McCurry's Weblog | UK politics as seen from the left McCurry's Weblog UK politics as seen from the left Home Biography Contact   McDonnell should not forget People’s Quantitative Easing March 9, 2016 John McDonnell proposed People’s Quantitative Easing shortly after Jeremy Corbyn was made leader of the Labour Party. It might have been wiser at the time to promise nothing controversial because the party establishment were in a state of shock at Corbyn’s win and were hostile to radical economic policies. McDonnell has since gone quiet on the idea. However, the concept appears to be gaining traction as Adair Turner and Martin Wolf have each recently advocated “helicopter drops” for monetary policy, as an aide to the sluggish world economy. The helicopter drop is an idea of Milton Friedman whereby the central bank would print off cash and give it directly to the general population. McDonnell’s idea is to use money created through Quantitative Easing to invest in infra...

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