09-26-2008, 05:36 PM
That sort of plan would only make sense (and I'm using that term very loosely and under assumption that this plan is sound) if the recipients used that cash to pay down debt. However, the viability of credits markets depends alot on people being in debt.
Not being an economist (and being a good many years since any econ classes at university) I don't really know if any of what he proposes would make sense - example: how much of the payout would then go toward purchasing foreign made goods and what would that do to the value of the dollar based on X amount of money flowing overseas?
Not being an economist (and being a good many years since any econ classes at university) I don't really know if any of what he proposes would make sense - example: how much of the payout would then go toward purchasing foreign made goods and what would that do to the value of the dollar based on X amount of money flowing overseas?