Devaluation good?

So, I’ve been working on an idea. Devalue the dollar. Print money. Lots of it. My idea is to print money and use it to help people pay mortgages. Bottom up principle. Save people’s houses. Keep the notes good. The banks stay solvent. Everybody’s happy.

Of course, what if you don’t have a mortgage? I guess that’s a bummer for you because your dollars are being devalued as well. I’ve been trying to think of a better solution. But it’s not all bad…if you rent, at least you won’t be evicted because your landlord can’t keep the house.

So, I’ve been liking this idea. I’m sure it’s flawed, and it is definitely incomplete. But it’s better than printing money and putting it into play at the top. In my idea, that money has a definite purpose, and it is inserted into the system in a definite way. It is accomplishing something and getting the wheels turning. By by printing money to put it into play at the top, to make it available for banks to lend out, do we really know what they’re doing with it? Are they actually going to do something with it? There is little control there.

Anyway, there’s my idea, let me know what you think, maybe we can make it a whole idea.

  • Paul

    I don't know how I feel about your idea, Rick. But I do think the bank bailouts were necessary. The bailouts didn't just provide the financial institutions with cash to loan out; they kept those banks and other financial institutions from failing. I agree that the lack of control over what this money (i.e., our money) is frustrating. But I think it's better than the alternative — widespread bank failures and the resulting panic.

  • http://loanmodifyexpress.com/ loan modification addict

    devaluation is never good. unless your on the other country.