A Modest Proposal

[hedgehog]

Current estimates for the cost of bailing out the banks is $4 trillion.

http://money.cnn.com/2009/01/27/news/bigger.bailout.fortune/

This is before a penny is spent on other parts of the economy.

My proposal:

Send $10,000 to each and every American today. (Parents would get $10,000 for each minor child.)

Now some people will use the money to pay off bank loans or at least make a good dent.

This will aid banks holding what are currently bad loans.

Other people will take the money and spend it on wild purchases.

So?

Can you think of a better way to boost the economy than a surge in consumer spending?


It will undoubtedly cause a round of inflation. So the IOUs that China is holding will be worth less. So the price of oil will go up, making alternative energy sources more attractive. So the wealth gap between the average person and the ultra rich will shrink marginally.

[hedgehog]

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