A Modest Proposal

[thedarkages]

Obama et al. are printing several trillion dollars/getting us into several trillion dollars more debt. This is going to satisfy bank shareholders and mortgage-holders. In my hopelessly simplistic economic understanding, printing that much money leaves us vulnerable to inflation, and, quite conceivably, hyperinflation. So, if we're going to suffer the ill effects in the form of worthless money and higher future taxes, why stop there? Why not print enough money to make everyone whole? Why not return IRAs to their June, 2008 values, provide salaries for companies to re-employ their laid-off workers, and re-fund pension plans hamstrung by the market? For that matter, let's replenish Social Security and Medicare until 2081! China may pull the plug, but it may be in too deep, too.

Just a thought.

Comments

[ikkyu2.livejournal.com]

It can't be done. You can return IRAs to their June, 2008 values, but you can't return IRAs to their June, 2008 adjusted-for-inflation values this way.

[willendorf5761.livejournal.com]

So you're thinking this is the Weimar Republic? Better get your wheelbarrow ready for shlepping all those marks around. And visit the cabarets while you still can.

[thedarkages]

I wouldn't at all be surprised to see $500 banknotes reintroduced in the next two years.

It's funny you should mention cabarets; I have at least three friends who do burlesque now.