My own stupid “cheating” answer : giving $1,000,000 to every human will make the dollar to collapse, those $1,000,000 will not have any value, and will make the whole world economy to collapse due to the importance of the dollar in international exchange. I don’t belong to the Chicago school and I do think massive monetary creation can have positive long-term consequences (and I do think it’s the a significant part of the solution to the “European debt crisis”), but… not one-shot creation of 7*10^15 dollars.
My own stupid “cheating” answer : giving $1,000,000 to every human will make the dollar to collapse, those $1,000,000 will not have any value, and will make the whole world economy to collapse due to the importance of the dollar in international exchange. I don’t belong to the Chicago school and I do think massive monetary creation can have positive long-term consequences (and I do think it’s the a significant part of the solution to the “European debt crisis”), but… not one-shot creation of 7*10^15 dollars.