This is my attempt to create some interesting musings, uberservations and, perhaps, insights on both my personal and professional life.

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Friday, April 17, 2009

Let's "penny" our way through this

As we all know by now, Obama will putting 1 trillion dollars back into the economy through various means, but the gist of this thing is that we're creating money out of thin air. We're firing up the printing presses and giving money away to various companies and organizations to pay off bad debt or to fund various projects which could spur jobs, etc, etc...

With any luck this whole thing might get us out of this mess, but I have a plan which could get us out of the mess, after the mess.

We need to simply get the trillion dollars back out of the market. (One of the big concerns about the magic trillion is stagflation. Some folks say inflation, but trust me, stagflation is the real issue). So, the laws of supply and demand still hold true with monetary policies, so let's do something with the currency to keep up the demand for the US dollar. Here's the answer:

Coin collecting.

Let's say there are 300 million people in the US and let's say that 200 million of those people are of coin collecting age. (Adults 18 - 55 have no interest in coin collection, so let's focus on the kids and the senior citizens). If 200 million people would simply collect $5000.00 worth of coins we could negate any possible negative effects of the influx of US dollars into the system. $5000 per coin collecting individual would be only 500,000 pennies per person (for a total of 100 trillion) or a nominal 20,000 quarters per person (for a grand total of 4 trillion quarter). Obama could bring back the Eisenhower dollar (how cool were those?) with his very own image on the coin, and each person in the 200,000,000 would only have to collect 5000 one dollar coins.

To make the coins more attractive from a collectors standpoint, you could put other, less "states-men-sy" images on the coins: Superman (there's like 5 movies, he must be popular), Aquaman (with a co-branding/advertising thing with the new movie that's coming out, or so I hear), Ironman (the movie did really well), The Hulk (the second Hulk did well) or images from any of the Wii games (that thing sells like hotcakes).

Start collection coins today! Get one of those coin collecting books with the holes in 'em. Start doing your part! Only 100 trillion pennies to go!

Let's coin collect our way out of this mess!

2 Comments:

Blogger Unknown said...

a penny for your thoughts Mr. Kro. Oh, and by the way, if you ever fart on my head again, you are TOAST!

3:52 PM

 
Blogger Chris Rodde said...

Are you vying for a Treasury post?

8:05 PM

 

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