nothing to do with reality or economics or money. It has only to do with lying and deceit in the heart of every government hating fanatic. Your idea is simply a way to put purchasing power in the hands of the _producers_ in the society. This is best done with a stimulus like the stimulus of early 2008 but on a quarterly basis. Just send out the money and have it curtailed for those with higher incomes. You accomplish the same thing without harming the Social Security system. Like the piece. This is a really nice extension of the monetary policy implementation "accounting" that we do in money markets on a day-to-day basis to help keep track of where overnight rates and so forth will trade. As we see every day on a really micro level, money cannot be destroyed and always returns to the central bank (barring taking out a lot of banknotes and burning them). The extension of reserve accounting into aggregate economy wide accounting is a pretty simple step when viewed with a money market lense. It also makes me think a lot about the fractional reserve system and the shadow banking system. The piece works best for me when there is neither a shadow banking system or fractional reserve system (ie. full reserves). Because policymakers have outsourced credit creation to the banking and shadow system the question left for me was the extent to which QE and the Govt deficit can offset the private sector's credit