Saturday, March 21, 2009


I do not know why part of the trillions that the Government and the Federal Reserve are giving to financial institutions could not be given to the citizens instead. The funds that would be given to citizens who are minors would be put in trust funds for education and health care. Regulations could also ensure that the recipients use the funds to become solvent. Citizens could then use their remaining funds in any way they want. In this way, the people will decide which corporations survive and which do not. This will force corporations to offer truly competitive products at competitive prices. To those who cry "socialism"; how is giving funds to corporations any less socialistic? Furthermore, the giving of $250,000 to each citizen would barely make a dent in the amount of money the Government and the Fed have given and are planning to give financial institutions. Moreover, this would be a much more democratic bailout than that being implemented. Finally, if inflation becomes too much of a problem, then we should take a page from Nixon's play book and impose a price freeze.

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