Give them money and they will spend

It would cost $600 billion to simply give $2,000 to each of 300,000,000 Americans. If we confined it to just those who make under half a mil, say, we’d each get a bunch more. Now that would be a stimulus by golly. Narrow it further so that all the six billion ends up in the hands of adults and we’d be beating down the barn doors in a heartbeat. Instant demand! More jobs to meet the demand! GDP up! More revenue flowing into state and federal coffers!

Spend! Work! Grow! That would work, and we’re printing money anyway . . .

Note: Dr. Black (a real economist!) at Eschaton has been advocating this novel solution for a few years now. Perhaps they should have listened to him.

One response to “Give them money and they will spend

  1. Further debase the currency. Money is supposed to be a store of value. It represents a store of labor and capital. You have to restore confidence, then people will spend and invest. Ask them in Greece and Italy how spending more money than you have is working out .

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