In this episode, we discuss the ideas of Quantitative Easing and Universal Basic Income as responses to the ensuing economic recession resultant of the coronavirus, analysing what they consist of, and how they would help and change our economic setting.
Sources:
Coronavirus Recession: https://en.wikipedia.org/wiki/Coronavirus_recession#United_States
UK business activity drops to lowest level on record: https://www.ft.com/content/17c15ac7-38ec-4ec0-b9db-6dc1c86c98a9
Bank of England to directly finance UK government’s extra spending: https://www.ft.com/content/664c575b-0f54-44e5-ab78-2fd30ef213cb
What is quantitative easing all about? - MoneyWeek Investment Tutorials: https://www.youtube.com/watch?v=JWwL3Ttf0u4
QE Investopedia: https://www.investopedia.com/terms/q/quantitative-easing.asp
How Bad Is Unemployment? ‘Literally Off the Charts’: https://www.nytimes.com/interactive/2020/05/08/business/economy/april-jobs-report.html Bank of England's QE programme is bigger than the City expected: https://www.theguardian.com/world/2020/mar/19/bank-of-englands-qe-programme-is-bigger-than-the-city-expected
'Europe's Moment': EU lays out costly rescue for squabbling bloc: https://uk.reuters.com/article/uk-eu-budget-recovery/europes-moment-eu-lays-out-costly-rescue-for-squabbling-bloc-idUKKBN232392
Furlough scheme: https://www.itv.com/news/2020-05-27/one-million-businesses-claim-15bn-from-government-furlough-scheme/ What is QE, BoE: https://www.bankofengland.co.uk/monetary-policy/quantitative-easing
Give People Money - Annie Lowry: https://www.amazon.co.uk/Give-People-Money-inequality-revolutionise/dp/0753545772/ref=sr_1_1?crid=1Z9SIENQN1N86&dchild=1&keywords=give+people+money&qid=1590951606&sprefix=give+people%2Caps%2C148&sr=8-1
The Case for People's Quantitative Easing - Frances Coppola: https://www.amazon.co.uk/Case-Peoples-Quantitative-Easing/dp/1509531300/ref=sr_1_1?crid=33W07V3KTL3RU&dchild=1&keywords=peoples+quantitative+easing&qid=1590951646&sprefix=peoples+quan%2Caps%2C141&sr=8-1
Utopia for Realists - Rutger Bregman: https://www.amazon.co.uk/Utopia-Realists-How-Can-There/dp/1408893215/ref=sr_1_1?crid=35S1YUEBRBYDV&dchild=1&keywords=utopia+for+realists&qid=1590951672&sprefix=utopia+%2Caps%2C176&sr=8-1
The Economist: Experimental Treatment: https://www.economist.com/briefing/2020/03/19/governments-are-spending-big-to-keep-the-world-economy-from-getting-dangerously-sick
The Economist: QE too: https://www.economist.com/finance-and-economics/2020/05/07/emerging-markets-launch-qe-too
Music: Nocturne in B Flat Minor, Op. 9 No. 1: "A Madame Camille Pleyel" · François Chaplin Chopin: Nocturnes ℗ 2013 Zig-Zag Territoires ℗ Anima Eterna Released on: 2010-03-01 Composer: Frédéric Chopin
