Can printing money solve the problem of poverty in our nation?

Answer 1

No.
The values of your currency is directly tied to your productivity, natural resources and many other economic benchmarks. If you printed more, then the currency would devalue accordingly.
Your people's buying power wouldn't change.

Answer 2

Printing money will create hyperinflation, as the value of currency goes down. You now have more money, but the same amount of goods; with more money chasing less goods, inflation/hyperinflation will result no matter where you live. By printing more money, not only will you not solve the problem of poverty, but now everyone will be poor since you have just devalued the rich people's money so that they are now poor as well. Only corporations that actually own means of production will survive, and they will become corporate giants who will probably now enforce a monopoly in order to gain even more from people.

Answer 3

No. If you print more money, the value of that money decreases. This causes inflation. Since your money isn't worth as much, it takes more to buy things. I don't know what country you're from, but I'll use dollars in my example. Say a loaf of bread costs one dollar. Now, say the government prints a bunch of money and devalues the dollar. Now that loaf of bread costs two dollars. Supply and demand didn't change, but the price doubled.
Poverty is not caused by not enough money in circulation. There are a number of other factors that contribute to it. Disability, availability of work, outright laziness, economic health of the area, etc. There are so many things that play into the causes of poverty that no one solution will cover it all.

Answer 4

No, the more money a nation prints to cover it's debts the more value that money loses.
This why America's money is slipping agains't foreign currency, out national debt is way too high.
In countries where they devalued their currency to put more in the hands of consumers, the inflation rate climbed so much that the poor people were even poorer.
Check out what happened in Bolivia and Ecquador back in the 1970's

Answer 5

If yes, then everyone will print money in his home to solve the problems in their family. Some ignorant people do that also and get caught. Some even print US$ as it is No:1 in the world.

Answer 6

Wish it could! But printing more money only decreases the value of the currency, and creates a state of hyperinflation. This in turn cause depreciation of the currency in the world. So printing money is a curse, not a cure.

Answer 7

Printing of plenty of currency leads to inflation.When Govt.prints currency it is against gold reserve that it has.
Poverty can be reduced only by equal distribution of wealth.A govt.should be able to provide employment to all its poulation then poverty can be reduced.So also if the billions of money spent on arms and amunitions the entire world can live without poverty.

Answer 8

Nope.

The army even came into my country and closed a lot of industries down in the eighties, because there was too much money and employment about, and the market couldn't play with a low value currency.

Answer 9

No as there is nothing behind it!

Relatively paper money is an insignificant tender used in the marketplace and not much is printed!

Answer 10

Of course not. The effect of such actions is that the value of your money decreases and the prices of commodities increases. There is a direct relationship between the amount of legal tender produced and its value.