All Forums > General Discussion > Non-Sports > Romney: Worst Major Party Prez Candidate Ever?
9/25/2012 10:23 AM
If we gave every household 1 million dollars of freshly printed money, that would HAVE to stimulate the economy, wouldn't it?
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9/25/2012 11:09 AM
Posted by mchalesarmy on 9/25/2012 10:24:00 AM (view original):
If we gave every household 1 million dollars of freshly printed money, that would HAVE to stimulate the economy, wouldn't it?
It would, actually. There would be some trade offs, but we'd easily be at full employment.
9/25/2012 12:36 PM
That's ridiculous.
How would we be at full employment? People aren't working, they just got gifted a million bucks.
People would spend a bunch of money, which should help a bit, but to make the leap from a "gift of money" to "full employment" is utterly ridiculous.
9/25/2012 12:41 PM

Uh, has anyone thought about how much that would devalue the dollar?

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9/25/2012 12:58 PM (edited)
Posted by mchalesarmy on 9/25/2012 12:38:00 PM (view original):
That's ridiculous.
How would we be at full employment? People aren't working, they just got gifted a million bucks.
People would spend a bunch of money, which should help a bit, but to make the leap from a "gift of money" to "full employment" is utterly ridiculous.
There would be a massive increase in demand for all sorts of products. How many five star dinners would you eat  if you suddenly had a million dollars in cash? New car? New house? Or maybe just a kitchen remodel?

Someone would still have to wait tables, sell cars, and build cabinets and filling those positions may be difficult if everyone has a million dollars, so that example is extreme, but in general, a helicopter drop like we had in 2008 (I think everyone under a certain income got something like $600) stimulates an economy when lack of demand is the biggest problem (like it is now).
9/25/2012 1:07 PM
Posted by MikeT23 on 9/25/2012 12:41:00 PM (view original):

Uh, has anyone thought about how much that would devalue the dollar?

Obviously I was being sarcastic, but to my surprise it was championed as a good idea...
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9/25/2012 1:23 PM
Obviously a million dollars is extreme and would never happen, but the underlying reasoning is sound. Debt financed demand instruments are what the economy needs right now. Stimulus, job programs, low interest rates, quantitative easing, helicopter drops, etc are different ways (with different levels of effectiveness) of increasing demand.
9/25/2012 2:08 PM
Wow.
9/25/2012 2:10 PM
Posted by antoncresten on 9/25/2012 12:50:00 PM (view original):
HAVE MULTI-MILLIONAIRES GIVE UP HALF, BILLIONAIRES GIVE UP 60%, PEOPLE LIKE THE KOCK BROTHERS GIVE IT ALL, AND THEY CAN WORK MINIMUM WAGE JOBS
So we should  punish success and severly punish the successful who support Conservatives?
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9/25/2012 2:17 PM
You're getting trolled hard, swamphawk. Don't take antoncresten seriously.
9/25/2012 2:28 PM
How about, rather than give everyone a million dollars, we just cut the prices of everything by 95%?   Mo' people got mo' stuff!!!    Sales thru the roof!!!!!
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All Forums > General Discussion > Non-Sports > Romney: Worst Major Party Prez Candidate Ever?

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