Stimulate the Economy

The other day I had a discussion with a friend about stimulating the economy.  He said that the least expensive way to get the economy back on track was for the government to give every person in the USA one million dollars.  It would like everyone in the country winning the lottery.  You know what happens to those people who win the lottery and how they are doing five years later.  Husband and wife would have together two million.

It seems like a good idea, but what would happen if everyone had that much money at the same time.  Prices would sky rocket, inflation would soar, and a million dollars would not be able to buy much.    If handled wisely most people could pay off their mortgage which in a way would help out the banks.

Children would have to wait until they are eighteen before they could get their million.  It would pay for their education.  Think of how many new cars would be purchased when the person turned eighteen.  Computers, I-pad, I-phone would be in the hands of these eighteen year olds.  Think of all the other toys that would be purchase.

On the other hand what kind of social problems would be created?

A hundred thousand dollars for each person might be much better.  It would be a whole lot cheaper than grants, proposals, etc. to get the economy going better.