why cannot the government print currency notes and issue them to the poor?so that there will be no poverty.?

Answer 1

The Noecons would never take any part of that when their goal is to empower themselves and impoverish the poor.

Answer 2

It would be nice if things could work this way. However, the paper money that you receive at the bank is actually a "unit of exchange, facilitating the transfer of goods and services." In simpler words money could be compared to a check. When you right a check you are saying that you have that much money in the bank with paper money, currency, that money represents the amount of gold the United States has in its Federal Reserves. The United States has to actually have the gold otherwise the paper money would go through inflation and make the money we have actually be worth less. Therefore the money would be less valuable to other countries and the amount of paper money necessary to buy something from another country would go up thus increasing the problem.

You could also think of it as batering- only instead of trading a chicken for a bolt of fabric you are trading money for goods and services. If we handed out money that had no value it would be like giving the poor a chicken with no meat on it to use to barter with- it wouldn't do them or the business owners any good and would therefore be meaningless.

Answer 3

You have got to understand that the government is broke. All governments are broke and they are always broke.

Let's say you and I and ten other people sit down tonight and form our own government. We formed this government to make life better for our friends, families, etc.

We find out in our first meeting that each of us has an uncle Joe who is near near starvation.
Now that we are a government we can print money. So we print some money for Joe, and Joe, and Joe and Joe, etc.

The money that we print is only as good as what you and I have. This may include gold and silver, tools, stuff that we have made to barter or sell, the land that we own. etc.

In short, whether we support Joe by having him over for dinner, or giving him some clothing and a sack lunch, or dumping some gold or Euro dollars on him, it still has to come out of our pockets.

Likewise if we print the currency we still must put what we own or can produce behind it. Without what we own and our labor behind the notes -- nobody is going to give Joe two pancakes for his (our) money.

If there was only one Joe, or just a few, we could probably swing it. Then again why not take care of the Joe in your family and I'll take care of the Joe in mine.

The problems of great numbers of people, greed, technology, theft of natural resources, sickness, crime, etc., etc., all add to poverty.

However simple the problems it will always hold true that you can never print enough money to solve them. If you try, the money becomes worthless (inflated) and everybody becomes poor.

Answer 4

Some populist governments have done that many times. You know the result: hyperinflation, which actually means showing the poor the bill for running the country.

Answer 5

Because whenever the government tries to help it only hurts. Making money easy to get would devalue it to the point that no one could afford anything. Besides, they've been doing something like this for generations... its called welfare. See how well its worked? Why would anything else the government tried work any better?

Answer 6

Currency notes are really just an owner's receipt for the gold that the government has stored in national banks. They can't just print gold.

Answer 7

Great idea! Let's just give everybody a printing press and let them print all of their own money any time they want! A brilliant suggestion. No doubt you are a graduate of some "How to be a great Liberal" school.

Answer 8

regrettably many international locations are doing that, extraordinarily america and secondly it devalues the overseas money. each and every time you flood a marketplace with more beneficial of something, the fee is going down (uncommon baseball playing cards case in element at the prompt are not uncommon and lose their fee as more beneficial of an analogous one is made).

Answer 9

That would cause an oversupply of money chasing a small number of goods and prices would rise. In other words, it would cause runaway inflation and wreck the economy, harming most those you intend to help.

Answer 10

Money won't cure poverty. Education is the only cure. Cure yourself and get some.