Why Corbyn’s Quantitive Easing for the People would be disastrous for the economy

‘Quantitative Easing for the People’ is one of the cornerstones of Jeremy Corbyn’s leadership platform. The basic idea is simple: a hypothetical Corbyn government would instruct the Bank of England to create new electronic money (the modern equivalent of printing it) to fund public investment projects. The vehicle for doing this would be the ‘National Investment Bank’, which would be charged with funding public investment.