The way I look at it the govts of the world are indebted too much, that is their debt to gdp is to high. Take for example the USA, at some point in the future its debt/gdp is going to hit 120% and then they will be Greece and looking at hyperinflation. So printing some money now to pay down people's debts, only brings the day of 120% debt/gdp closer. They're essentially wasting some of their ammo on something which only helps a bit. The other problem with this idea is how much do you print. If 10mil home owners got $100,000 each that would be a $1tril. How many home owners with mortgages are there in the US and would $100,000 be enough?
What is really needed in the USA & other countries is to create jobs....lot's of them, but how?
