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How about Quantitative Easing for the People?
Giving the general population x-amount of money would certainly give the economy the boost that it needs instead of going to the bankers. More importantly, however, is for people to have faith in the economy again and that their future is secure. What is going on at the moment, certainly in Europe, is that people fear the future and they fear whether they are going to be out of work tomorrow. If plenty of jobs could be created then the fear factor would be reduced and people would spend money, thus an automatic boost to the economy.
Anatole Kaletsky is an award-winning journalist and financial economist who has written since 1976 for The Economist, the Financial Times and The Times of London before joining Reuters. His recent book, "Capitalism 4.0," about the reinvention of global capitalism after the 2008 crisis, was nominated for the BBC’s Samuel Johnson Prize, and has been translated into Chinese, Korean, German and Portuguese. Anatole is also chief economist of GaveKal Dragonomics, a Hong Kong-based group that provides investment analysis to 800 investment institutions around the world.
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