Jeremy Corbyn’s “People’s QE” is just the Argentinian model and the Venezuelan model disguised in Anglo-Saxon terms. Daniel Lacalle explains: 

These dangerous magic-solution policies have already been implemented in the past. They are nothing more than the Argentine model of Kirchner and Kiciloff disguised in Anglo-Saxon terms, a model that has only created stagflation. It is also the Venezuela model (Mr. Corbyn was a defender of Chavez and his economic policies). To think that the government can decide how much money is created and spend it on whatever it wants without thinking of the consequences for the economy.

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