People’s Quantitative Easing, or PQE for short. What on earth is it? As it’s QE for the people in particular, shouldn’t the people know how it works?
As both an economics graduate and keen supporter of Positive Money, I am convinced that we should be engaging with economics students as much as possible. There is a dedicated sub-stream of them who are rightly disillusioned with the way the subject is being taught at an undergraduate level (i.e. with textbooks very similar to those of forty years ago!). Hoping to reach them, I went on a whistle-stop tour of the pluralist economics societies at the universities of Sussex, Edinburgh and Glasgow. I gave a 40-min talk on how banks create money, its effects and Positive Money’s proposals to change the system.
The Swiss population will be the first in the world to vote on their banking and monetary system, thanks to the tireless efforts of a pro-Sovereign Money campaign.
What did you feel when you understood the full implications of the fact that banks create money out of nothing?