The Case for Cash for All
Chris Hughes
10023

Several years ago I created the term “monetary fracking” which is the infusion of massive amounts of liquidity deep into the bowels of the American consumer. It was designed on the 2008 distribution of $300 for every man woman and child in the middle category of income to help stimulate economic growth. It fell far short as the government failed to do enough. The problem is we just don’t have any money available and with a debt of $19,020,583,761,698 we can’t afford it. And unfortunately we can’t take from the rich. But we could just print the money and target it to those who were severely financially damaged by the greed of Wall Street. Those folks would save, invest or purchase and kick start the economic engine. Prices would rise (inflation) and everyone would be happy. What’s wrong with this picture?

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