QuoteOriginally posted by: PaulC. Are you the only person he's experimenting on? Is he going to do this with everyone on the planet? Jeez, think of the effect on inflation if loads of people suddenly become millionaires. Or even if loads of people get $1,000.we'll make an austrian economist of you yet,QuoteDavid Hume, in order to demonstrate the inflationary and non-productive effect of paper money, in effect postulated what Rothbard called the "Angel Gabriel" model, in which the Angel, after hearing pleas for more money, magically doubled each person's stock of money overnight. (In this case, the Angel Gabriel would be the "counterfeiter," albeit for benevolent motives.) While everyone would be happy from their seeming doubling of monetary wealth, society would in no way be better off: there would be no increase in capital or productivity or supply of goods. As people rushed out and spent the new money, the only impact would be an approximate doubling of all prices, and the purchasing power of the money would be cut in half, with no social benefit being conferred. An increase of money can only dilute the effectiveness of each unit of money.