2006-12-06 01:45:09 · 7 answers · asked by binh n 1 in Business & Finance ➔ Renting & Real Estate
The value of it would be worthless.
Coach
2006-12-06 01:52:13 · answer #1 · answered by Thanks for the Yahoo Jacket 7 · 0⤊ 0⤋
I don't know what vn is, but if it were legal for everyone to print their own money, the value of money would plummet, people would no longer accept it in trade because no one wants it if htey can just print their own, and we would be dealing with gems, gold, or old fashioned trading and item for an item.
In short, it would be disasterous, because all the money people currently have would become worthless, and therefore, you'd basically just be wiping out everyone's bank account. Talk about crushing the economy.
See the struggles the colonies had in the late 1700's with paper currency for a point of reference.
2006-12-06 09:54:43 · answer #2 · answered by btpage0630 5 · 0⤊ 0⤋
what would happen is this:
First it would seem like there would be relief from poverty and greed but then the world as we know it would begin to collapse because no one would work anymore. Garbage collectors would leave there jobs and trash would begin to pile up everywhere. The transportation industry would cease to function and everyone would be wondering who is going to deliver gas. Coal miners would stop mining coal and everyone in the north would start to freeze to death. Millions of people will start flocking to the beaches and resorts where there will be riots and complete chaos due to the limited amount of space available. Who will tend to the fields to grow the food we need to eat and who will be willing to drive a truck cross country to deliver to the supermarkets where no will will be to stock shelves and bag your food. Well the list goes on and on and on but I think you get the picture.
2006-12-06 10:04:32 · answer #3 · answered by Anonymous · 0⤊ 0⤋
What does VN stand for and thing I will answer your question? (I really suck at figureing out these thingies with the letters, sorry).
2006-12-06 09:52:52 · answer #4 · answered by sailortinkitty 6 · 0⤊ 0⤋
i think every one would get money happy then the term money doesn't grow on trees would be more up to date also people would be better off in life cause life would be easier and maybe we would have less homless people!
2006-12-06 09:54:31 · answer #5 · answered by Tara G 2 · 0⤊ 0⤋
There will be devaluation of money and currency abuse and this can cause inflation in the market price.
2006-12-06 09:59:12 · answer #6 · answered by Atobiloye Z 1 · 0⤊ 0⤋
Money would obviously be worthless.
2006-12-06 09:52:44 · answer #7 · answered by Clown Knows 7 · 0⤊ 0⤋