Me: Amend the FED’s charter to create and distribute money as a rebated gift to enterprise at the point of retail sale in exchange for them discounting their prices by 50%. Too simple for the intellectual vanites of the erudite…too world changing not to be a paradigm change in economics and the money system.
J: Seriously? Giving the money to the enterprise is no different than a rebate to the customer. The enterprise gets the same price, the customer gets half off. Their money is doubled by that Latin word called “fiat”- let it be so- and it would be wildly inflationary. Doubling peoples’ purchasing power would just cause prices to double.
Me: Not if you taxed inflations above 2% per annum at a rate of at least 100%. That you would just allow enterprise to game and attempt to destabilze the greatest increase in demand for every enterprise’s goods and services is indicative of the fact that you believe that “free” market theoretics is actually free. IT ISN’T!!! It (as you indicated by thinking that it would just be a perfectly acceptable matter of course if the merchants greatly increased their prices DESPITE benefiting from the doubling of demand) shows how devoid of known and enforcable ETHICAL barriers “free” market theoretics actually is. Its called CHAOS…NOT FREEDOM!
There is no one as blind…as those who will not LOOK and SEE!
Allowing enterprise to do so is perfectly analagous to the following example: You just won the lottery and you and your friend go to redeem the ticket. Your friend however hits you in the face as hard as he can and takes your lottery ticket and redeems it himself…AND THERE’S NOTHING WHATSOEVER WRONG WITH THAT…AT ALL!