Post
Topic
Board Economics
Re: What would happen if everyone got 1000 USD every month?
by
casascius
on 09/12/2012, 16:57:24 UTC
Hey,

I didn't study economics, but I always was interested. With all the discussions about how fair things are these days I wonder whether a system where every single person would receive 1000 USD (like direct from the printing press) could improve things. I am not talking about minimum wage or whatever.


For illustration purposes, join me on a brief journey of the imagination. One beautiful morning, you wake up and realize that you own twice as much cash as you had just last night. Magic money elves entered your home and bank account and simply doubled your entire cash assets. You’re now twice as wealthy (or half as poor as the case may be)...

http://www.ronpaul.com/on-the-issues/fiat-money-inflation-federal-reserve-2/