"Why not expand the Fed balance sheet exponentially, from its current $3 trillion to $33 trillion? Earning an extra 3 percent on another $30 trillion in bonds would allow the Fed to return an additional $900 billion to the Treasury—thus wiping out most of our federal deficit while avoiding actually having to do anything about current government spending."
--http://www.businessweek.com/articles/2013-02-01/qe-cubed-a-modest-proposal-for-more-fed-buying-a-lot-more
Why not $33 quadrillion? Give every American $100 million. No one would ever have to work again! Yea!
No comments:
Post a Comment