Nemo Me Impune Lacessit

Saturday, 23 May 2009

Fixing the Economy?

Filed under: Correspondence, Economics, Politics — Tags: , , , — mikewb1971 @ 11:47 PM (23:47)

> This is from an article in the St. Petersburg Times Newspaper on Sunday.
>
> The Business Section asked readers for ideas on “How Would You Fix the Economy?”
>
> I think this guy nailed it!
>
> Dear Mr. President:
>
> Please find below my suggestion for fixing America’s economy.
> Instead of giving billions of dollars to companies that will squander
> the money on lavish parties and unearned bonuses, use the following plan.
>
> You can call it the Patriotic Retirement Plan:
>
> There are about 40 million people over 50 in the work force.
>
> Pay them $1 million apiece severance for early retirement with the following stipulations:
>
> 1) They MUST retire. Forty million job openings — Unemployment fixed.
>
> 2) They MUST buy a new American CAR. Forty million cars ordered — Auto Industry fixed.

The bailout of Ford, GM and Chrysler didn’t fix that? Imagine that!

> 3) They MUST either buy a house or pay off their mortgage — Housing Crisis fixed.

The Bush / McCain / Obama bailout of October and November, 2008 didn’t fix it? What happened? How ever could it have gone wrong?

> It can’t get any easier than that!
>
> If more money is needed, have all members of Congress and their constituents pay their taxes . . .
>
> If you think this would work, please forward to everyone you know.

I think it’s bat-shit insane —

40,000,000 people x 1,000,000 FRN (“US dollars” [1]) / person over fifty = 40,000,000,000,000 FRN

That’s FORTY TRILLION bucks.

Obama won’t have any choice but to use hyperinflation to make this excuse for a “plan” happen. Then we’ll all be carrying our cash around in wheelbarrows, and the crooks will steal the wheelbarrows, leaving us the now-worthless cash.

This is what happened in Germany following the 1929 Panic, i.e. “Great Depression.”

This is what Mugabe was (is ?) doing in Zimbabwe recently with his “trillion dollar” bills?

But, hey, if you’re really committed to this insanity, why not go all-out?

Instead of having the federal government and the Federal Reserve print up the cash, DO IT YOURSELF!

What the Fed and Bureau of Engraving and Printing should do is set up a series of servers hosting only a collection of web pages. On each of those pages are .jpg images of each demonination of Federal Reserve Note. These pages would be fully accessible, saveable and printable by the general public.

This way, people could save the images to their personal hard drives at home, and using their home computers, print out as much cash as needed on demand.

THINK OF THE SAVINGS!

No longer will the Fed and the Government need to expend resources on printing the bills, transporting them to banks for distribution, or safeguarding them in transit.

WE’LL ALL BE RICH!

And to top it all off, there’s no need to print all the zeroes on the bills—just use scientific notation. 10^15 and 10^18 works a whole lot better than 1,000,000,000,000,000 and 1,000,000,000,000,000,000, in that there’s only so much space on the physical bill and all those zeroes take up a good bit of it that could be better used for pretty artwork.

[1] http://en.wikipedia.org/wiki/Federal_Reserve_Note


NOTES

  1. Published at The Libertarian EnterpriseNumber 520 – 24 May 2009

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