ML-Implode News - You can print money, so long as it's not for the people

Decades of credit extension have perverted the housing market to turn a mortgage into a lifetime's bonded servitude. The economists JordÃ¡, Schularick and Taylor argued convincingly last year that the causes of this economic crisis, the next and the one before are all, fundamentally, the extension of credit and its impact on house prices. So the magic money tree isn't gushing cash in a socially responsible fashion (if it were used responsibly, it wouldn't be magic) but the idea that we have a centrally planned, carefully stewarded monetary policy, with finite creation and demonstrable long-term aims, which some loonie leftie wants to come along and unravel, is simply wrong.
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None of this is to say that people's QE is straightforward and unproblematic; Corbyn is talking about spending on infrastructure (housing, broadband), whereas that phrase as it was coined described helicopter money, or overt money financing, literally getting money into the economy by randomly giving it to people. They're two discrete propositions -- overt money financing and green and social investment -- and rolling them into one doesn't do much to promote understanding on this terrain.

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You can print money, so long as it's not for the people