My Stimulus Plan
Posted: Mon Oct 22, 2012 5:00 am
I've got an idea for a stimulus plan.
The government could give direct stimulus to American citizens by allowing us to print our own dollars.
The treasury would make the linen paper and inks available for sale at Staples and other retailers, and a free program could be downloaded that interfaces with the treasury website. Users would register with their social security numbers and provide tax and demographic information.
When extra stimulus is needed, the treasury would enable the programs to print out a certain amount of cash ($500-$5,000), and the amount would be based on how poor the person is, and the likelihood of them using the cash to buy products.
The bills would still be serialized.
Counterfeiting could either still be criminalized and prosecuted, or it could be allowed to provide additional stimulus.
What do you think the upsides and downsides of such an arrangement would be? Would it be better or worse than the Fed's current "Quantitative Easing" programs?
The government could give direct stimulus to American citizens by allowing us to print our own dollars.
The treasury would make the linen paper and inks available for sale at Staples and other retailers, and a free program could be downloaded that interfaces with the treasury website. Users would register with their social security numbers and provide tax and demographic information.
When extra stimulus is needed, the treasury would enable the programs to print out a certain amount of cash ($500-$5,000), and the amount would be based on how poor the person is, and the likelihood of them using the cash to buy products.
The bills would still be serialized.
Counterfeiting could either still be criminalized and prosecuted, or it could be allowed to provide additional stimulus.
What do you think the upsides and downsides of such an arrangement would be? Would it be better or worse than the Fed's current "Quantitative Easing" programs?