Increasing consumer demand is the key to new GDP, new jobs, new tax revenues, and lower debt. $2 trillion of new injections into money in circulation will restore our economy and reduce 90 percent of all our social ills.
Why is this important?
The way to boost incomes and employment, raise tax revenues and lower budget deficits is to grow the economy. That can only be done by getting money into the hands of consumers via community banks, credit unions, infrastructure improvements, personal and business loans, and into Fannie Mae and Freddie Mac. $2 trillion injected over time will produce $12 trillion in GDP, $10 trillion in income, 50 million new jobs, and $4.8 trillion in new tax revenues to balance the budget and lower the debt. Let the Fed sell a new round of bonds and direct all sales proceeds into M1, the source of all new growth.
