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Giving Money Out To People Directly To Boost The Economy
Latest fun idea to boost the economy is here.
http://www.zerohedge.com/news/2014-08-26/it-begins-council-foreign-relations-proposes-central-banks-should-hand-consumers-cas
Well, since Bennie suggested the money to be distributed through a lottery process (i.e. bottles of banknotes), I like to modernize it a bit:
1. Simply cut off the QE program and next to none interest rate window for the banks
2. Declaring the buying of 1 Bitcoin for a million US dollar each
Money goes directly to as many computer geeks as one can imagine and they will surely go into spending sprees buying up all the latest tech gadgets.
Oh, since the Fed and its peers do not like to do things in the light, they can just QE the bitcoins in stealth just like what they are doing to support the stock markets worldwide.
Talking about kick starting the economy – you can’t beat this.
Disclosure: the author of this article definitely own some bitcoins
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