Might Stickers Cure the Economy?

The Shops at Atlas Park has come up with another "brilliant" way to cure the economy. Stickers.

First the "rebate", now stickers. Great.

Here is the story behind it:

Back in the nineteen seventies, the Ford administration asked the public to "Whip Inflation Now” by, among other gimmicks, wearing "WIN" buttons. Inflation was roaring along at seven percent but the public was asked to believe that war-driven spending and an inflated money supply were not the cause of economic troubles. Instead it was magic or something, and little pins could make it go away. That didn’t work out, and it wasn’t until Paul Volker took control of the Fed and raised interest rates that inflation actually got whipped.

Now The Shop at Atlas Part (Glendale, NY) is planning on giving away money ($20k) as well as stickers to stimulate retail shopping. Will this work?


“Giving away $20,000 will not solve a thing. Nor would giving away $342.8 billion dollars, if every shopping center in the country was silly enough to do the same thing,” Michael Shedlock writes. (Hat tip: FT Alphaville.)

This is exactly the same thing the US is doing with the rebate. Stimulus+ (Tax to pay for stimulus)=$0 impact on the economy.

Click here to get a "I Support the Economy Sticker." If sticker. Warning- this is an actual sticker!

Thanks to dealbreaker.com for the picture of the stickers.