ANSWERS: 14
  • Absolutely not. All this would do is greatly increase inflation, and devalue the US dollar even faster than it is already declining. A similar thing happened in pre-WWII Germany - the government just printed lots of money willy-nilly, and soon it took wheelbarrows full to buy a loaf of bread. Printing more money will solve nothing. No one will be happy, even if they get your "million dollars," if that "million" cannot even buy what $500 will now.
  • No. That would cause our economy to collapse. Money has to be backed by something. A piece of paper doesn't really have any value. It only has value because our treasury says so. If you print more money than you should then the value of the dollar would plummet. The Nazi's actually tried doing this with some success in WW2. They printed lots of counterfeit notes and fed them into the British Economy.
  • yes instead of spending it on war.
  • The Federal Government cannot print paper money, unless their is sufficient gold on hand, to back the currency. A tax rebate to individuals might not be a good idea. a million dollar rebate would probably be too much money, for an average persons lifetime. what would happen to the balance, after each person died? go to their estate?
  • If you did that then money would be worthess. And some say even now our curency is effectively worthless since the debts we have far exceed our ability to pay them if they all were called due today.
  • just like zimbabwe? well, at least their AIDS infection rate is going drastically down.. and not due to more "sex education" or "condoms" but because (and this was in the news) "they cant afford to have their mistresses anymore" whoda thunk the libs were all wrong?
  • Its been tried. It won't work. - Before our present government we had a "Continental Congress". They had no power to tax, so their only way to get money was to print it, as you suggest. - The result was an economic collapse characterized best by the phrase "Not worth a Continental (dollar)" The observation that "If you want to buy a wagon load of groceries you have to bring a wagon load of money." And stories of sailors who took their pay ashore and paid half of it to have the other half sewn together by a tailor to make a suit!
  • Are you serious?
  • Nope. It would be a lot cheaper than what's going on now but it wouldn't work either.
  • In effect, that is already going on, and is exactly what got us where we are today. When people are allowed to buy things with money they don't have (loans and mortgages), their promises are bought and sold as if they were worth the money that is promised. When people do not pay their loans and mortgages, the people who bought the promises are left holding the bag.
  • Not unless you want to end up with an inflation rate not seen since Germany right after WWI.. Then the Mark had so little value that the baker used the bill to measure how much bread you would get for it.. Here you can read about the Hyperinflation in Germany after WWI. http://en.wikipedia.org/wiki/Inflation_in_the_Weimar_Republic
  • Not unless you want to end up with an inflation rate not seen since Germany right after WWI.. Then the Mark had so little value that the baker used the bill to measure how much bread you would get for it.. Here you can read about the Hyperinflation in Germany after WWI. http://en.wikipedia.org/wiki/Inflation_in_the_Weimar_Republic
  • Well, if everyone got a million dollars then a million dollars wouldn't be worth much now would it. I say only give more millions to millionaires and then let what change falls out of their pockets trickle down. Kind of like a car wash employee who keeps whatever change he finds on the floor or down in the seat. Of course that probably isn't legal and we should throw him in prison. Problem solved.
  • A couple of people have mentioned Germany's mistake doing this and I thought I'd elaborate with a story I've been told. During the depression in Germany a peasant went to the store with a wheel barrel full of German marks. He left it outside as he went in to ask the price of bread. When he came back out the money was still there, but the wheel barrel was gone. I don't know if it's true or not, but it's a funny little story warning of the effects of inflation.

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