PQE solves infrastructure.
Richard Murphy, 1-13-2016, economist, author, and professor of Political Economy at the University of Sheffield, "People’s QE pros and cons," World Finance, https://www.worldfinance.com/strategy/government-policy/the-pros-and-cons-of-the-peoples-qe
Can enough money be created to make a real, lasting difference?
One of the challenges posed by the current shortfalls in infrastructure investment, including those relating to climate change, is the sheer scale of the money required to tackle the issues that arise. By 2020 it is expected that climate change requirements might reach $100bn per annum, for example.
This sum is not, of course, required for each and every country: it is a global figure, and when global GDP is about $70trn a year the scale required is more readily understood – otherwise equivalent to about 0.15 percent of global income. The sum, when expressed in this way, is a little less daunting. It also seems more achievable when it is realised that over the last few years the global economy has been able to absorb around $1trn per annum of conventional QE without threatening the stability of the global financial system in any way.
What’s more, when that financial system has not suffered from inflation, but there has been a continuing and persistent unemployment problem in many of the world’s major economies, then it’s clear that the physical capacity to invest in the infrastructure needed to address fundamental issues such as climate change does exist. The role of People’s QE is to make that possible.