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Suppose the U.S. economy is in a recession (or in a weak recoverythe important point here is that the economy is weak). To provide consumers
Suppose the U.S. economy is in a recession (or in a weak recoverythe important point here is that the economy is weak). To provide consumers with an incentive to spend more of their disposable incomes, Congress and the President pass a law making it illegal for an individual to hold more than $50 in cash or in a checkable deposit at any time. Furthermore, all adults who receive paychecks must spend at least 80% of their paychecks within two weeks of receiving said paychecks. Will this law be successful?
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