A recent survey shows that the number one fear of global business leaders right now is that the economy will fall into a new recession this year. If even those people are afraid, we should probably get prepared as well.
In 2008, governments and central banks “solved” the problem by injecting trillions into financial markets with quantitative easing. Of course, it didn’t do much to help the real economy and made the rich even richer.
If we don’t act now, there’s a huge risk that the authorities will use the same recipe: they’ll bail out the financial sector instead of the real economy. And we know that ordinary people will be the ones paying the price.
For years now, a growing number of economists and NGOs like us have been promoting ‘helicopter money‘ as an alternative solution that is simple, fair and democratic.
Please watch and share the video to educate as many people as possible, so that next time our friends, families and communities know that there is a simple and fair solution:
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The European Central Bank has created and injected more than €2.5 trillion into financial markets through its quantitative easing programme. Unfortunately, the effects were limited. pic.twitter.com/ej71ab6Zmr
— Positive Money Europe (@PositiveMoneyEU) March 2, 2019