EUROPE: 19 economists call on the ECB to make ‘QE for the people’ in a letter to the Financial Times

Written on April 3rd, 2015 in politics Comments Off

Published on Basic Income Earth Network BIEN, by Stanislas Jourdan, March 27, 2015.

A letter published today in the Financial Times signed by 19 economists, including BIEN co-founder Guy Standing, calls on the European Central Bank to adopt an alternative quantitative easing policy. The letter includes a call to distribute cash directly to citizens of the eurozone.  

As a response to the European Central Bank’s (ECB) plan to inject 60 bn euros a month for the next 18 months into the financial system, 19 economists have signed a letter to the Financial Times calling on the ECB to adopt a different approach which they consider a more efficient way to boost the eurozone economy.

“The evidence suggests that conventional QE is an unreliable tool for boosting GDP or employment. Bank of England research shows that it benefits the well-off, who gain from increasing asset prices, much more than the poorest,” the letter reads.

The signatories offer an alternative: … //

… (full text and video - also on YouTube.

Links:

Closing in on Assad: ISIS captures Palestinian refugee camp inside Damascus, on Russia Today RT, April 2, 2015: … With IS suffering losses elsewhere in Syria and Iraq, due to coordinated action from Kurds and Iraqi government troops, bolstered by US-led coalition airstrikes, the invasion of Yarmouk may represent a shifting of focus back to one of the primary aims – removing Bashar Assad. Or it may be simply a way of stamping authority and taking revenge for the arrests of its members, which will likely result in the executions of several senior Palestinian militants in the camp;

Ethiopian Brutality, British Apathy, on Dissident Voice,by Graham Peebles, April 2, 2015: The Case of Andergachew Tsige …;

The People Pay, Corporations Cash In – Problems Plague EU Medical Research Initiative, on Spiegel Online International, April 1, 2015: The EU spends billions in subsidies on pharmaceutical research, with funds going to the Innovative Medicines Initiative, an alliance of corporations and universities with the aim of developing new drugs. Its record has been disastrous;

Name That System and/or Work to Overthrow It, on teleSUR, by Paul Street, April 1, 2015;

Uncertainty and Morality in a Dynamic Economics, on naked capitalism, by Yves Smith, April 1, 2015;

New Report Released: Still Working on the Edge, on Worker’s Action Centre Toronto, by Mary Gellatly, March 31, 2015, 84 pdf-pages;

Quebec’s long struggle to build a democratic left party, on John Riddell, March 26, 2015;

Wahrheiten – Andreas von Bülow, 7.19 min, von Don R. Wetter, am 2. Jan 2015 hochgeladen:

Von Durchblick auf YouTube hochgeladen:

  • Macht macht Umwelt kaputt – Jörg Bergstedt, 116.23 min, am 5. October 2014: Herrschaft bedeutet die Möglichkeit, Abläufe und Verhältnisse so regeln zu können, dass andere die negativen Folgen erleiden müssen. Umweltzerstörung basiert regelmäßig auf diesem Prinzip …;
  • An alle vernunftbegabten Menschen – Andreas Popp, 11.10 min, am 8. November 2013: in letzter Zeit wird es immer deutlicher, wie sich die Gruppen der ähnlich gesinnten Systemkritiker weiter entzweien lassen …;

Buch: Das Matrix-Syndrom, von Andreas Popp, Dezember 2014:

  • bei Weltbild.ch: wir leben in einer Welt, von der wir glauben, sie halbwegs zu begreifen. Solange wir nicht versuchen, hinter die Kulissen der Macht zu sehen, fällt dabei gar nichts weiter auf. Der Autor wagt sich an Fragen heran, deren Antworten wir zu kennen glauben …;
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Dokumentation: Viktor Schauberger – Aus der Natur für die Natur, 75.27 min, von Applicas Media am 9. Sept 2013 hochgeladen.

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