Quote:
Originally Posted by Jim Richards
Dump it into my bank account. I guarantee you it will have an effect.  |
Seriously, one actually has to wonder if just "printing and giving" money to the population would have worked better as a "stimulus" in the economy, rather than the current policy of "printing and spending" of money through government programs.
Consider $12.4 trillion being printed and given to the roughly 100 million tax return filers.
That would translate into $124,000 for each person that filed a tax return.
Some would use that to offset the taxes they pay, some would use it to pay down debt, some would just blow it on things like new cars and big-screen TVs.
Ultimately, it would still cause the same price inflation in the economy that the "printing and spending through government programs" will cause, but one has to wonder if the "temporary boom effect" would be bigger with a wider population-based "stimulus."