The Green New Deal in the news
The global economy is facing a ‘triple crunch’. It is a combination of a credit-fuelled financial crisis, accelerating climate change and the looming peak in oil production. These three overlapping events threaten to develop into a perfect storm, the like of which has not been seen since the Great Depression. To help prevent this from happening, and to lay the foundations of the economic systems of the future, we need a Green New Deal.
This is the latest Green New Deal letter in the Guardian:
Central banks printing more money through quantitative easing do not risk hyper-inflation. The US, UK, Japan and recently the EU have printed or plan to print about a staggering £5tn of QE money and yet deflation, not inflation, is still a major economic threat. To [...]
Quantitative Easing is back on the global economic and political agenda. The growing threat of deflation has meant that Japan has just reintroduced QE, and the European Central Bank has begun its own programme to deal with the serious economic problems of the Eurozone. The UK is also facing economic difficulties, including inadequate tax revenues, [...]
This letter was published in the Financial Times today:
Sir, You are correct to say (“No need for hostilities in the phoney currency war”, editorial, January 24) that the eurozone’s problem is weak domestic demand, but wrong to claim that the usual form of QE could solve this. The experience of the UK’s £375bn programme was [...]
This is from the Guardian today:
Larry Elliott is right to be sceptical about whether the trillion-euro dose of QE will solve Europe’s economic problems (Report, 21 January). Like its £375bn UK predecessor, it will buy government bonds from banks and, as happened here, that money won’t generate economic activity in the real economy, but instead [...]
The Green New Deal Group launched a new report today on the need for Green Infrastructure Quantitative Easing and the collection of money owed by tax cheats as the way forward for Europe, not a form of QE that is already causing economic nightmares and damage in the impact it has already had on Switzerland. In a [...]
The Green New Deal Group launched a new report today on the need for Green Infrastructure Quantitative Easing and the collection of money owed by tax cheats as the way forward for Europe, not a form of QE that is already causing economic nightmares and damage in the impact it has already had on Switzerland. I am [...]
This letter was published in the Guardian today:
Instead of the eye-wateringly cruel cuts in public services inherent in the chancellor’s obsession with rapid deficit reduction, the pre-election debate should radically change direction to one that has at its heart a Plan QE. This time, instead of giving £375bn to the banks to waste, e-print £70bn [...]
The following press release has been issued by Caroline Lucas MP and the Green New Deal group this morning. There are more details on green quantitative easing here:
When George Osborne stands up this Wednesday to deliver his Autumn Statement he will find himself between a rock and a hard place of his own making. The rock [...]
The following press release has been issued by Caroline Lucas MP and the Green New Deal group this morning. There are more details on green quantitative easing here:
When George Osborne stands up this Wednesday to deliver his Autumn Statement he will find himself between a rock and a hard place of his own making. The rock [...]
The letter was in the Guardian this morning:
Simon Jenkins is right to call for quantitative easing to be used to boost economic activity (We should cash-bomb the people, not the banks, 27 November), but wrong to suggest it should be spread to everyone indiscriminately. What is instead required is a well targeted “green infrastructure QE” [...]