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The Fed should give every American $1 million and every other country should follow suit and turn all their citizens into USD-equivalent millionaires. That woul
by cryptica 7y ago
The Fed should give every American $1 million and every other country should follow suit and turn all their citizens into USD-equivalent millionaires. That would create an exciting competitive economy!
Think about the excitement of everyone having 1 million dollars and trying to figure out what they want to invest in!
- deleted 7y ago[deleted]
- _greim_ 7y agoI'll assume this is a joke but just for clarity, but that would be a total cash give-out by the government of this many dollars: 327,000,000,000,000 Notice all the zeroes in there. It's important that we as a species learn to take all those zeroes into account.
- cryptica 7y agoI was kind of joking around. That said, I don't think it would create as much inflation as it may seem. A carton of milk would still cost about the same maybe only 2x the price? I think most of the money would end up in stocks, gambling, speculative investments, luxury goods and real estate (especially in big cities) so that's where the inflation would show up... Which is fine. So long as the cost of basic commodities don't explode, then we can afford it as a society.