"A variant of QE for the people is People's Quantitative Easing, a policy proposed by Jeremy Corbyn during the 2015 Labour leadership election, which would require the Bank of England to create money to finance government investment via a National Investment Bank.Based on research by economist Eric Swanson reassessing the effectiveness of the US Federal Open Market Committee action in 1961 known as Operation Twist, "The Economist" has posted that a similar restructuring of the supply of different types of debt would have an effect equal to that of QE.