2009-01-20

On the list of bad ideas

http://www.businessweek.com/bwdaily/dnflash/content/jan2009/db20090119_561565.htm?chan=rss_topStories_ssi_5

Are we really as smart as we think we are? Printing money is going to save the economy?

Why don't we just tell everyone that their dollar today will only be worth fifty-cents tomorrow, so you'd better go blow your life savings today? And this will save the economy. In effect, it is the exact same thing proposed above.

3 comments:

  1. If the government really wants to stimulate the economy let them stop the income tax for one year. Forget about printing money, just ban the payment of Federal income tax. One year is all we need. That would be a shot in the arm for the American people.

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  2. I concur. And to add to that, in that same year, they should kill all unfunded government institutions. What a minute...that would be all of them...

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  3. One year without Federal tax income dollars would do just that.

    ReplyDelete