If liquidity is the problem, then why not take the 787,000,000,000.00 and print the money for each citizen?
That would be roughly 320,000,000 give or take considering some people cannot be found, some are invested in grey market activities, and some are in prison as convicted felons.
So that would leave roughly $2,400 for all those people.
If cash flow is the problem, and a lack of printed paper money available to meet the created wealth via production, then giving all citizens $2,400 should solve the problem.
For some it would be 2 52" Vizo LCD flat panel tvs. For others it would be the tax/tag/title on a new GM car. For others it would be nearly two months mortgage for a median house. For even others it would be new computers, clothes, food, etc.
If the real problem is liquidity of paper currency and availiblility of paper currency, then a government "stimulus" of pork pet projects isn't really needed.
Somehow I doubt that it would work. We gave taxpayers what? $1000 in rebated taxes? And it did almost nothing. As a matter of fact it did make matters worse. Because upon being given a rebate by the government, many people assumed correctly that if the government was giving back tax money, it was because the economy was in trouble.
Most people simply used the money to buy down debt.
This is just stupid.
Friday, February 20, 2009
Printing Currency
Labels:
Economic Bailout,
Poling,
Stimulus
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1 comments:
this is how the senario all over the globe..
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