The Poorest...

 Article;
Rage against the coin



Comment;
If we use this money to avert depression and use fiscal policy in liquidity trap, then we surely need to worry about inflation down the line. The question is “Whether this money will be accepted by common people and in times of high inflation (whether) it can be used to suck liquidity from the market like done under Open-Market-Operations (OMO)? If it is so it will be good but the only difference differences will be that there will be no debt on the either side. But only wealthy people can do so, not the common man. The arrangement should be such that in times of crises people or every house-hold can buy or exchange that coin and be able to hedge themselves against unemployment and inflation as does the government. Or, people will see it as an antique and investment in antique. But the ailment of the economy is depressed demand and the money’s best use will be to infuse demand in the economy through fiscal policy. If government needs to infuse demand very soon it can support the poorest households for another year or two but good thing would be to also make arrangements for jobs. Otherwise we would be in a long debate like this one (the coin)….