Quantitative Easing for the people, not for the banks! (Video)

In a letter to the Financial Times, 19 economists sign a call for the ECB to inject QE money directly into the real economy, either through public spendings or cash transfers to citizens. One of the signatories, Prof. Steve Keen explains the concept of QE for the people in the Keiser show.

Here’s a 4 min extract from the show:

You can watch the show in full here.

Please sign our petition to tell the future Prime Minister of the UK that money creation should only be used in the public interest. And if you’ve signed it already, share it your friends on Facebook and Twitter. And/or send them an email – here’s a simple text you can copy:

I’ve signed this petition to prevent banks from creating money. I think you’ll find it interesting – have a look and consider to sign the petition too! http://bsd.wpengine.com/petition