The European Central Bank is expected to unveil a multibillion, if not trillion dollar, bond buying program, to save the troubled euro economy.
Quantitative Easing (QE) “hasn’t been effective in the US or the UK, what is has done is pushed up financial asset prices, it’s made the very wealthy even wealthier- very little of that money has trickled down to the real economy,” said Ben Dyson, Founder of Positive Money in the RT interview on 22nd January 2015
“If you gave that money directly to people and allowed them to spend it, that would create a recovery much faster than QE.”
