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Old 08-31-2010, 02:06 PM
 
Location: Planet Eaarth
8,955 posts, read 17,708,564 times
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Bernanke's "Nuclear Option"...............

"The Fed chair is prepared to launch the most radical intervention in history, monetary Shock and Awe."

"Monetary Shock and Awe": The Fed Prepared to Launch Most Radical Intervention in History
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Old 09-04-2010, 04:32 AM
 
Location: Georgia, on the Florida line, right above Tallahassee
10,475 posts, read 13,838,090 times
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From the article you linked .. : Moreover, consumers and businesses should be willing to spend rather than save the bulk of their tax cut

On the Economic Stimulus Package: The "Packaging" Counts | Psychology Today

We can apply the lessons of mental accounting to the stimulus package. Perhaps a major reason why the Bush tax rebate failed to stimulate spending was that it came as a lump sum. Paid all at once, a rebate of $500 is real money. Yesterday you didn't have it, today you do. This substantial windfall might cause you to stop and think about what to do with the money. And when people stop and think, at least sometimes, they choose not to spend. But suppose, instead, it had been paid as a $10/week addition to your regular paycheck? Then, it would hardly be noticeable. One more latte at Starbucks. Steak instead of chicken at the restaurant. The ten bucks would just get absorbed into your weekly wage. You'd live a little better, and your money would go a little further, without you giving it a moment's thought.

****************
Mine went straight into the bank.
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Old 09-04-2010, 07:03 AM
 
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Services are about 85% of the economy,by incrementally adding to income,it prevents that money from buying big ticket items which are probably manufactured overseas.Also,it would probably be seen as the most "adult" way to give relief to the consumer.
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