prospectmagazine.co.uk 7-2021 Quantitative easing: how the world got hooked on magicked-up money – Going cold turkey would finish off a dysfunctional global financial system that’s now hopelessly addicted to emergency infusions. The only solution is surgery on the system itself – By Ann Pettifor
committees.parliament.uk 16/7/2021 Bank of England must spell out the risks of quantitative easing, says Lords report The Economic Affairs Committee publishes its report ‘Quantitative easing: a dangerous addiction?’, which urges the Bank of England to explain in more detail why it believes rising inflation will be a short-term phenomenon, and why continuing with its quantitative easing programme until the end of 2021 is the right course of action.
Report: Quantitative easing: a dangerous addiction? (PDF)
The Economic Affairs Committee launched this inquiry for several reasons:
- the quantitative easing programme has not been subject to sufficient scrutiny, including in Parliament, given its size, longevity and economic importance.
- to examine the extent to which quantitative easing has achieved its stated objectives, along with its effects on the real economy, growth and inflation.
- to examine the most significant risks to the public finances that might result from quantitative easing, given that the Bank of England now holds a substantial portion of the debt issued by the Government.
- to find out the Bank of England’s plans for quantitative easing in the future.
stuff.co.nz/ 2-2022 Weaning New Zealand off financial heroin – by Dileepa Fonseka
* Quantitative Easing: An Obituary
* What can central banks actually do about inflation?
* Infrastructure and housing could still be handbrakes in a post-Covid world
* Covid-19: Why the government can’t simply cancel its pandemic debt by printing more money