The Guardian view on QE: the economy needs more than a magic money tree | Editorial

Quantitative easing succeeded in staving off disaster but it was not enough to regenerate a fair economy. This could have been achieved by a redistributive, expansionary fiscal policy which ministers were ideologically resistant toWhen running for the Labour leadership, Jeremy Corbyn wanted a “people’s quantitative easing” to boost the economy. It was frostily dismissed in 2015 as being forbidden by provisions in the Lisbon treaty. If we leave the European Union, those strictur