QE

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The price of houses—How everyone speculates on house price inflation

Catherine Dunlop A book called ‘The Asset Society’ claims that what defines class now is not the relationship between employer and employee (labour), but the relationship of the person to assets.  The claim is that although there are vast differences in the quantity of assets held (one house or thousands of acres), any asset owner is … Continue reading The price of houses—How everyone speculates on house price inflation

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Quantitative Easing, or “How will you pay for it?’

Parliament Notes QE, or printing money, is capitalism’s cunning plan to overcome economic and financial crises.   In the massive economic crisis of the 1930s, the US state financed public works with money it hadn’t ‘earned’ from taxes.  The economies of the US and Europe have practised it since to avoid the worst disasters of the 2007/8 financial … Continue reading Quantitative Easing, or “How will you pay for it?’