some sobering information ...is it correct ???, page-29

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    "Ctg u going to run for the all at the next election? You could take over from swan with economic insight like that"

    ----

    Think outside the square my friend.

    1. Print a billion trillion dollars, as much as trees and ink will allow.

    2. Give everyone an ex-gratia payment equal to X/Y, where X = billion trillion dollars and Y = world population.

    3. Pay down sovereign and private debt.

    The nominal value of debt does not change from the billion trillion dollars because everyone is getting the ex-gratia payment and therefore there is no exchange rate effect which means we inflate debt to zero.

    Then we party on.... its funny money.... we are limited only by the amount of trees and ink we can source...



 
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