Peace, what you are suggesting would VASTLY increase the money supply. The money supply has already been vastly increased by inflation, and the inflation was created by massive lending of fictional money. The result of that is, a dollar is worth a lot less than it used to be and prices are a lot higher than they used to be.

What would stop an inflationary reaction to what you are proposing? I think if you increase everyone's available cash by 10 x or 100 x, you would soon see prices increasing by 10 x or 100 x.

So for your plan to work as you envision, you would have to also pass legislation to fix prices at their present levels on everything that is being sold. That's the only way you could avoid an inflationary surge which naturally follows a surge in the money supply.

Any country, for example, can issue billions of new paper bills to its populace...but what then happens is rampant inflation. That's what it's like in Zimbabwe now. It now takes a huge amount of whatever their currency is to buy a loaf of bread. That happened in Germany after the First World War too. People had tons of paper money, but it was practically worthless.