nsacpi
Expects Yuge Games
I hear a lot of politicians say go big to get the economy going.
I think we should go really big. And finance it by monetizing the new debt created.
My 3 part proposal.
1) A $10,000 check for every man, woman and child.
2) Order the Fed to directly buy all the bonds needed to finance it.
3) The checks go out when R naught drops below 0.5 for the country.
This last part is important for 2 reasons. One is it rewards the people for an important accomplishment. Second the fiscal multiplier is depressed so long as people feel unsafe. This ties the timing of the stimulus to an important milestone as far as safely opening up the economy goes. It gives us all something to work toward.
It is likely this plan will generate some inflation. But that is a relatively small consideration given the problems it would resolve.
I think we should go really big. And finance it by monetizing the new debt created.
My 3 part proposal.
1) A $10,000 check for every man, woman and child.
2) Order the Fed to directly buy all the bonds needed to finance it.
3) The checks go out when R naught drops below 0.5 for the country.
This last part is important for 2 reasons. One is it rewards the people for an important accomplishment. Second the fiscal multiplier is depressed so long as people feel unsafe. This ties the timing of the stimulus to an important milestone as far as safely opening up the economy goes. It gives us all something to work toward.
It is likely this plan will generate some inflation. But that is a relatively small consideration given the problems it would resolve.
