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?
My Stimulus Plan
-
- _Emeritus
- Posts: 4502
- Joined: Sat Oct 27, 2007 10:15 pm
-
- _Emeritus
- Posts: 7306
- Joined: Thu Oct 27, 2011 10:52 am
Re: My Stimulus Plan
cinepro wrote: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?
Didn't Capone try this in the fifties?
“We look to not only the spiritual but also the temporal, and we believe that a person who is impoverished temporally cannot blossom spiritually.”
Keith McMullin - Counsellor in Presiding Bishopric
"One, two, three...let's go shopping!"
Thomas S Monson - Prophet, Seer, Revelator
Keith McMullin - Counsellor in Presiding Bishopric
"One, two, three...let's go shopping!"
Thomas S Monson - Prophet, Seer, Revelator
-
- _Emeritus
- Posts: 4761
- Joined: Sun Jun 17, 2012 11:29 pm
Re: My Stimulus Plan
Drifting wrote:Didn't Capone try this in the fifties?
Since Al Capone died in 1947, I think he would have found it difficult.
Personally, I prefer Safety Societies.
"The great problem of any civilization is how to rejuvenate itself without rebarbarization."
- Will Durant
"We've kept more promises than we've even made"
- Donald Trump
"Of what meaning is the world without mind? The question cannot exist."
- Edwin Land
- Will Durant
"We've kept more promises than we've even made"
- Donald Trump
"Of what meaning is the world without mind? The question cannot exist."
- Edwin Land