An $8 trillion negative wealth effect from declining home values. A $10 trillion negative wealth effect from weakened capital markets. A $14 trillion consumer debt load amid "exploding unemployment", leading to "exploding bankruptcies." How many days does it take to print so many dollars ?
Well it will surely take a few workers to handle all the printing, so at least it will create the much needed jobs
Housing was too high in many areas, it's coming down to affordable levels. The capital markets were too loose, capital is and will be available to credit worthy individuals and enterprises. Exploding unemployment is quite commonly staffing reductions that should have been made over the last few years. Check Craigslist for any good sized US city and you will see hundreds of jobs posted daily. The only real significant concern we should have is the extra trillion dollars being expended....errr....I mean invested in the advance of socialism in Amerika.
1 day....the government will just make a credit entry in its accounts... Governments don't physically print all the money that they need. Majority of money in any economy is in the "electronic form" which cannot be seen.
Yeah, the real "physical" money is a tiny fraction of the entire money supply. Adding 32 trillion dollars would be as theoretically easy as changing a few cells in a spreadsheet. The problems that follow afterward - well, hitting "undo" won't really fix that
exactly. if you havent seen it already, watch this, it will open your eyes and blow your mind that you never knew.. http://video.google.com/videoplay?docid=-9050474362583451279