RX: "I have an idea for curbing the production of paper money: Every bill must be printed with ink containing a certain legally-prescribed percentage of the President's blood."This legislation would have bonus side-effects, too, by requiring every dollar to actually exist as a paper entity someplace:
Me: "Or some equally-appropriate official... That's brilliant!"
RX: "'I don't think we can print more; it's bleeding me dry!'"
Me: "'Beltway insiders warn of another impending bout of inflation, citing Timothy Geithner's drawn and pale appearance at a recent press conference.'"
1) Another TARP couldn't happen even if you put the president, his cabinet, Congress, and the entire federal bureaucracy above GS-11 on blood expanders because there aren't that many trees or printing presses.
2) Tying the value of the dollar to something as worthless and ephemeral as wood pulp would make it harder money than anything we've seen in this country in the last forty years.