Similar to what the Fed is doing?
The Treasury Has Already Minted Two Trillion Dollar Coins
The single sane point of this scheme: the fed does have to inject cash into the economy to balance for population growth and productivity, else prices change because more people are pursuing a fixed pool of currency; best if the fed just hands it out evenly to everyone as positive cash instead of to banks which hoard it and distribute it as debt.
Also, if you’re going to have a welfare state, then just hand it out evenly to all instead of by bizarre rules executed by a deranged bureaucracy.
(I’m not advocating a federal reserve or welfare state. But if you’re gonna have them...)
Yes. In fact, with all those trillions of worthless dollars pumped into the economy, I do not understand why inflation is as low as it is. But maybe that's why the stock market is so high, it's the bubble inflating to absorb the extra cash. I'm not an economist, so I can only speculate.