Solution to all economic problems = give free money to people (it's good enough for the banksters..)

[quaker bill]

6. Here is the difference

It is fairly simple. In exchange for $3 trillion in new bucks, $3 trillion in troubled assets were removed. (actually it was more than that, but the 1:1 ratio "face value" exchange was maintained). "Real" money was exchanged for what had become "funny" money.

In your plan, there would be no 1:1, it would be just opening the spigot. Now, no doubt, I would love to receive a check for $10,000. However if everyone got one, it would be inflationary. Why? Because unlike the bankers who unfortunately have largely sat on the money, we would start spending it immediately.

The US economy is about a $14 to $15 trillion a year operation. Now if you suddenly kick that up to a $17 to $18 trillion a year operation it would be a big deal. It would also be a big deal the next year, when you stopped pumping money in. It is just too large a jolt to the system IMHO.

The idea has merit, but I think it would need to be moderated a bit to spread the impact over a number of years