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A more efficient way for the fed to get money in to the economy....

MGLICKERMGLICKER Posts: 7,995 ✭✭✭
in Precious Metals
.....would be to hand each American a debit card with zero interest and no limit. Economy would get a much needed boost as car and home and tourism spending would quickly soar.


Paul Krugman and half of this forum would no doubt approve!

Comments

  • derrybderryb Posts: 36,779 ✭✭✭✭✭
    FED should have no power to put money anywhere. Their job is to protect money that real markets create. They should start by protecting us from Wall St.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • MGLICKERMGLICKER Posts: 7,995 ✭✭✭


    << <i>FED should have no power to put money anywhere. Their job is to protect money that real markets create. They should start by protecting us from Wall St. >>




    Ahhhh but that is so 1970's. This is 2015 dammit, when free money solves everything.
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭


    << <i>.....would be to hand each American a debit card with zero interest and no limit. Economy would get a much needed boost as car and home and tourism spending would quickly soar.


    Paul Krugman and half of this forum would no doubt approve! >>



    Actually Krugman nor no one here would approve. But, this fits your Straw man thread M.O.

    Bored?

    MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • OverdateOverdate Posts: 7,007 ✭✭✭✭✭
    I would immediately buy every coin in the world, price no object! image

    My Adolph A. Weinman signature :)

  • MGLICKERMGLICKER Posts: 7,995 ✭✭✭


    << <i>Actually Krugman nor no one here would approve. But, this fits your Straw man thread M.O. >>




    I would suggest the Krugman and a contingent on this forum would embrace it. Hell, PM prices would soar!

    A Michigan man should enjoy the free spending. It was a wonderful thing when the obsequious auto industry went to DC, hat in hand.

    Oh wait.....that was different.
  • MGLICKERMGLICKER Posts: 7,995 ✭✭✭
    ....and just think, any Green Bay fan could pay for a Tony Romo or even an Eli Manning so they could be in the Super Bowl, instead of Seattle.

    Every patient could pay their surgeon in full, so the altruistic docs would no longer have to scrape by on $600,000 per and could afford a larger yacht.

    Each of us could all eat better. Forget about the moldy potatoes on sale for $1.00 a bag, all could move up to the $5 organic ones. Even the Yukon Golds would be in reach.

    A trip to Vegas would really be exciting. Show the casino manager $100,000 and the world is your oyster. Think of the women, the booze, the dining, the women. Want a pair of Bruno Magli shoes to slide across the abstract casino carpet? Go for it, in fact buy a new pair each day!

    Had it with your 199 Subaru, well hey, time to upgrade to a Ferrari. Get a red one that does 0-60 in 2.1 seconds. Speeding tickets, Heck ya, just go online and pay them all.

    Nice if we could all live like Wall Street bankers!!!



  • jmski52jmski52 Posts: 22,814 ✭✭✭✭✭
    I like my idea better. Tax all political contributions 90%. No limit on the amounts. End of story.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • OverdateOverdate Posts: 7,007 ✭✭✭✭✭


    << <i>A trip to Vegas would really be exciting. Show the casino manager $100,000 and the world is your oyster. >>


    Except that the casino manager would have quit and (along with everyone else) would now be busy trying to spend his or her newfound "wealth".

    My Adolph A. Weinman signature :)

  • MGLICKERMGLICKER Posts: 7,995 ✭✭✭


    << <i>

    << <i>A trip to Vegas would really be exciting. Show the casino manager $100,000 and the world is your oyster. >>


    Except that the casino manager would have quit and (along with everyone else) would now be busy trying to spend his or her newfound "wealth".
    >>




    Cool, open an opportunity for a new graduate of hotel and casino management school. It would be a double win as he could instantly pay off his student loan!

    image
  • Musky1011Musky1011 Posts: 3,899 ✭✭✭✭
    The Feds job is to make sure the USA is indebted to them as much as possible until we as a country give them what they want
    Pilgrim Clock and Gift Shop.. Expert clock repair since 1844

    Menomonee Falls Wisconsin USA

    http://www.pcgs.com/SetRegistr...dset.aspx?s=68269&ac=1">Musky 1861 Mint Set
  • cohodkcohodk Posts: 19,084 ✭✭✭✭✭
    I would never us a Govt issued a debit card. "THEY" could track us. image

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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