Is this a better bailout plan?

Question

THE SOLUTION

A simple solution.  Pass a law that makes all U.S. pennies worth $5.00, nickels will still be nickels, dimes will be dimes, but pennies will be $5 coins.  Banks hold a lot of pennies so they get bailed out, the people living in America have the pennies not foreigners.  Small business's get a slight surge along with the great Americans that saved their pennies.  Instint fix.

ArRo · Accepted Answer

Whoeee!  This is the kind of thinking that makes an entrepreneur!  I hope you are using this imagination for great things.  It really is a good idea....or was, before I cashed my pennies in!  Maybe I'll hit up the bank tomorrow and stock up, just in case!  Seriously, good thinking!

R V · Answer

As much of an idiot as he is Bush's is better. Plus if we made all pennies $5.00 then the U.S. gov. would not have the gold or silver to back it up making the average dollar be worth a whole lot less.

Brian T · Answer

RV: You are describing the current situation. The US Dollar is not backed by gold or silver right now anyway and the Federal Reserve in combination with the US Treasury printing presses continue to print money, inflating the currency, and causing the value of the US Dollar to drop. This solution will cause inflation (an increase in the supply of money), but that's what's happening as we speak.

x x · Answer

Your a genius!  Like Pat Paulson or maybe Alex Baldwin or some other Hollywood genius.  Yeah, Barbara Streisand she is good with the economy!

snakehawk37 · Answer

JUST IN CASE THEY READ THIS, I better go change all my money into pennies ;D

Anonymous · Answer

thats actually a good idea...
if i were you id start collecting pennies

.-. · Answer

i likes it  you get my vote

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Is this a better bailout plan?

7 Answers