My idea will bring about ECONOMIC MIRACLES

[Mise]

Thing is, this is very almost what happens, with a few things tweaked and a lot of things removed. If it was indeed beneficial to tweak and/or remove those things, don't you think it would have already happened by now?

1. It's pointless: If I wanted to do those things I could already do them.
2. It's restrictive: It removes avenues of investment, and puts limits on what I can do with my money.
3. It promotes consumption over investment: If the government wanted to promote consumption, it could lower interest rates. AFAIK, the US's personal savings' rate is far too low, so this would probably cause problems.

 

[Cuivienen]

A more interesting economic theory is social credit, though it, too, has fundamental inflationary problems.

 

[Swedishguy]

How about putting together some automatons? It will solve a lot of things.

 

[EdwardTking]

What happens if you lose your job?

Having money in accounts where you can not
touch them for 2 or 10 years is no good!


The system seems designed to solve the problem
of lack of demand due to inactive money
(stashing bank notes under the floor boards).

But I don't think that is a problem in the USA.

 

[innonimatu]

Great, a new economic system to turn all workers into slaves/mindless consumers, without a chance of really accumulating any significant wealth.

19th century plantation owners in banana republics already tried this in a local scale, you know? Pay your employees with credit so they can only consume and are always kept dependant. That would be the final result of your proposed scheme, a locked servile economy.

And trickle down economics is bullfeathers.

 

[blackheart]

My idea will bring about ECONOMIC MIRACLES

Someone give this man an Ignobel prize for Economics!

 

[crabapple]

Economic miracles dont happen, any change you do can make one thing good, but normally something else bad. So this is a funny thread

 

[Shylock]

Sounds like a horrible idea that will lead to all kinds of fraud. Say your card gets stolen, woops there goes your entire year's salary.

And what the hell do you care if people buy drugs or not? Or anything else for that matter?

My idea will bring about ECONOMIC MIRACLES

For moneyed people like I recall... you for example. No young upstart out of nowhere for you!

What happens if there is an economic crash? With no savings and corps going down left and right then what? The government can't pay everyone nor should it have to.

And what exactly is so bad about people investing and saving anyway? If you can only answer one question, answer this one. Your motives are highly suspect and reek of elitism.

 

[Lambert Simnel]

I just realize that my idea regarding reimbursement salaries ... can bring about economic miracles.

Wow!

You can call it the Economic Grand Unification Theory.

I can ? Why, thank you!

It encompasses all the ideas proposed by conservatives as well as liberals.

It does ? All the ideas ? Wow! No wonder you later talk about "the genius behind this system" - you really are too modest, Red Stranger!

 

[storealex]

Okay, so are you seriously telling me an average CFC poster has managed to come up with a better plan that all the economists and nobel prizes have proposed so far?

Why not? It's Red Stranger after all. The man with the plan.

 

[bathsheba666]

When you make your journey to Iraq, you can unveil it there, and solve all Middle Eastern problems at a stroke!
Remember to take photos.
Posteriority needs all the help it can get.

 

[IglooDame]

Posteriority needs all the help it can get.

I just gotta think that that's a freudian slip there.

But as to the GUET, could we conquer a small country and try it out there, before we fire it up in the US please?

 

[Whomp]

Wow, we have an angry bunch milling about today. Red Stranger's delivery was off and should've said "what do you think" instead of "here's my miracle". Though his thoughts are misguided, he's young so give him credit for trying to think of stuff.

The Univ. of North Carolina Econ 201 class has the most interesting approach to developing an economic system that I've seen. The class is an interactive video game where aliens land on earth and must develop a economic system made by the students.
Check it out

http://web.uncg.edu/dcl/econ201/trailer.html

http://web.uncg.edu/dcl/econ201/index.html

 

[Phlegmak]

Red Stranger, can you tell me what you have learned from the responses in this thread? Try to actually respond to this post of mine instead of ignoring it, like you usually do.

 

[Lambert Simnel]

Wow, we have an angry bunch milling about today. Red Stranger's delivery was off and should've said "what do you think" instead of "here's my miracle". Though his thoughts are misguided, he's young so give him credit for trying to think of stuff.

I think you're being quite generous. I suspect that most of the respondents are taking into consideration RS's previous posting record.

 

[Whomp]

I think you're being quite generous. I suspect that most of the respondents are taking into consideration RS's previous posting record.

Granted. Like I said he's young and maybe this will teach him that delivery of the message is everything. I must admit some of the shock and awe posts around here get people's juices flowing.

 

[Phlegmak]

Granted. Like I said he's young and maybe this will teach him that delivery of the message is everything. I must admit some of the shock and awe posts around here get people's juices flowing.

When a young person makes a foolish post once or twice, it's forgiveable. When a young person incessantly makes foolish posts and apparently learns absolutely nothing, then it's something else entirely, which I cannot state, due to a probable moderator warning.

 

[Sidhe]

What happens if you lose your job?

Having money in accounts where you can not
touch them for 2 or 10 years is no good!


The system seems designed to solve the problem
of lack of demand due to inactive money
(stashing bank notes under the floor boards).

But I don't think that is a problem in the USA.

I thought that too, apparently this only works in low unemployment economies if it would work at all, you'd need a welfare system otherwise, and to an American we all know that's like placing your hand firmly on Bessys imperial love handles and saying: man you've gone to pot, you should lose some weight.

It discriminates against the poor.

When a young person makes a foolish post once or twice, it's forgiveable. When a young person incessantly makes foolish posts and apparently learns absolutely nothing, then it's something else entirely, which I cannot state, due to a probable moderator warning.

Fair play though life is never dull in Red's posts, I say kudos

 

[bathsheba666]

I just gotta think that that's a freudian slip there.

Why do you assume that was a slip?

 

[Whomp]

Why do you assume that was a slip?

Posterior(ity).

When a young person makes a foolish post once or twice, it's forgiveable. When a young person incessantly makes foolish posts and apparently learns absolutely nothing, then it's something else entirely, which I cannot state, due to a probable moderator warning.

Hard to argue with you. I think the point has been driven home though since our OP hasn't appeared in awhile.