What this Country Needs is a Helicopter Drop of Money

For 6 years, documented on this forum, I have been saying this country needs to spend more. I said from the beginning that the Fed policies would not create inflation because they are not actually creating money. I have said for 6 years the economy would continue to grow slowly as long as spending increases were insignificant. But it has come to a point where it just has to be said. We simply need the government to dump trillions of dollars in to the economy. The disparity of wealth is at pre-Great Depression levels, still high underemployment, low wages, etc.

This can't be some band aid, the private sector needs a massive increase in money to get the economy growing in the 3-5% range consistently and start a new age of innovation. Why anyone that isn't a multi-millionaire would be against this is beyond me. There are so many more opportunities to become wealthy and find jobs when more people have money.

And no, the government does not need to take money from Peter to pay Paul. Heck the government can spend trillions of dollars and decrease taxes for all I care. Have a year off where no one pays taxes. Anything to get money moving again in this country. We are developing in to a lost decade because of this ignorant irrational belief of government spending. Unfortunately the only way the government, for political reasons, will ever agree to spend the amount of money we need is if we want to blow up other countries. I don't care where you spend the money, I don't care about race, your job, political affiliation, etc. The money needs to be introduced in to the economy. Put frikkin Obama in a helicopter just dropping money on cities for all I care. People do not want to take on more debt from banks when an economy is this bad. We are in a rut and I just can't watch this country suffer much longer from ridiculously ignorant ideologies on economics and money. It sickens me. We would all be so much better off if the government did this. And by the way, just a side note, I have a job, have never worked for the government, make a decent amount of money, this has absolutely nothing to do with me wanting the government to give me money. I just want the money in circulation.

Maybe Trump might be the best option after all, haha. He seems to not be worried about debt. And even though his reasoning is flawed, just knowing he doesn't care about that would be great. The next Keynesian Reagan.

 

So where is all of this money going to come from?

 

Out of thin air, where all fiat money comes from

 

Okay, I thought you weren't going to rob Peter to give it to the rest of the band.

Welcome to Venezuela, dude.

 

Solid conservative response, lol. Based on your logic, we should have no money.

 

If we had any money, we wouldn't need Obama up in his obamacopter.

 

Makes absolutely no sense. Can you please refrain from posting in this thread. Your posts are never any where close to logical and kind of strange.

 

Your bloody OP is saying we need obama shoveling out money from a helicopter to get the economy going again! If we had money to spend, why would Obama be up there shovelling more money?

And no, money doesn't have value because it is printed up. It has value because not everybody has enough of it. Because not everybody has enough of it, we get out there and we push shovels and pencils until through the sweat of our labors, we have managed to produce something that is worth more than the shovels and pencils we've been pushing.

If you want to have Obama doing anything, have him pushing employers desperately in need of employees out of his chopper (with parachutes). Have him pushing out people who do have money and want to buy snow from eskimos, or ice water to people in hell.

Anyway, I'll let you get back to your dream.

 

You just can't grasp what I'm saying. It's hilarious how you don't understand it. We have an infinite amount of money to spend. We just need to spend it.

Money is useless unless it's spent. Once again, your logic would come to the conclusion that the economy is best off with $0. So obviously you're misunderstanding something about economics.

You really should be asking questions instead of making comments. You're not even remotely knowledgeable in economics and you absolutely do not have a clue what I'm talking about. It's hilarious.

 

Fair enough. I am not the sharpest tool in the shed.

What is fiat currency worth?

That's what I'm trying to do. I know I'm dumb, and need to be educated on economics, and that kinda stuff.

 

Whatever someone will give you for it

Nah, you're making all sorts of weird comments that make no sense. You really should drop everything you think you know and just start from scratch. There is a reason why educated economists all across the world don't think like you. That should send off all kinds of light bulbs.

 

Belch is the perfect representative for the conservative mindset. But it's so illogical. When I say they should helicopter drop some money, it's not something new. They've done it almost every year any of you guys have been alive. They did it to fund WWI, WWII, etc. It would require nothing that isn't already done all the time. They'd just have to increase the numbers.

I just can't believe even after being told, conservatives can't understand how illogical their statements are. Where did all the trillions of dollars we have right now come from? Out of thin air. Where do I want the next trillions of dollars to come from? Out of thin air. There is nothing new or different. Money you have in your pocket or account and the money I have in my account all came from thin air. Just simply numbers typed in to a computer.

And it makes life so much easier to get jobs, to make money, when people have money and people spend money. If you restrict the amount of money the private sector has access too, it puts downward pressure on the economy and growth. It's all math. It will have to happen sooner or later. I just wish we don't wait for WWIII to spend the necessary amount and just spend it now. Life could be great for this country if we dropped these ridiculous ideologies that are literally stagnating the economy.

 

Back during ww1 and ww2, they sold war bonds to fund the wars. Also, the money was backed by gold at the time, and gold can't be printed up out of thin air. There was also rationing during ww2 which didn't help all of that "whatever people want to give you for it" value that you say fiat currency has. People weren't allowed to pay whatever they wanted.

Oh, and if they've done it every year since I've been alive, then you're basically just saying to keep doing more of the same. How's that working out for ya?

I have a jar of pennies. A penny used to be worth quite a bit back in 1945. Why are they worth so much less now?

 

They used the commercial banking system just like they use for anything. The non-bank public did not fund WW1 and WW2. That's why the money supply increased so much during those wars.

I'm doing great. I just want to do better and a better economy would help. And we are not doing the same now. We are increasing spending at a rate lower than any time in the past 60 years. We need to increase spending.

Because there are "more pennies".

 

No, you're in lala land. They sold war bonds to the non-banking public.

Exactamundo! Thanks for destroying your argument.

Adios amigo

 

And how would making more green paper create more goods and services?

 

It's obvious you shouldn't pay much attention to this person.

He's living in a Liberal fantasy world, with no true understanding of paper money and how simple things such as inflation and supply & demand can affect the value.

 

Money by itself is little more than expensively made toilet paper, Venezuela can't even afford to print money now. We do not need more money until we have more jobs and more production

 

The goal isn't to create money, the goal is the creation of goods and services. Money is simply the means to barter them. And our production of goods and services is stagnant, so naturally our wages and economy are stagnant as well.

Consider the following:
i) The purpose of the economy is to produce the goods and services WE want.

Is that true or false?

 

People would create more goods and services for it.

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Of course creating money isn't the goal. Money is just what we use to exchange for goods and services. So understanding that, wouldn't it be logical that money is necessary for the purpose of producing goods and services WE want?

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More money would create more jobs and more production. We are not Venezuela. Our entire economy isn't tied to one resource that has plummeted.

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How did that destroy my argument? Lol. You're a strange poster.

 

We need to grow wealth. Not give out money.

 

This is flat out unacceptable. Especially in a time after the biggest financial crisis since the Great Depression. Pretty much treason level.

 

Magic. It's Tooth Fairy Economics. When you crank out currency and incant the right words, wealth is created.

 

Remember me asking you what fiat currency is worth? You provided the first part of the equation there which is whatever people will exchange for it. A mere variable. Then you supplied the second part of the equation by admitting that increasing the supply of currency doesn't increase production.

that's checkmate.

 

Well we all use money to attain goods and services (aka wealth in your opinion). So it has to magically be created somehow in our system.

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At no point did I say it didn't increase production, I simply said there are more pennies... lol. Your logic is very weird. Try to look back and figure out where your logic breaks. It would be a good lesson for you.