the idea is why we can not recive free money from governement to spend in goods or else.
It can improve economy?
Money are printed by governements, so why not to print money and give them for free?
2007-03-04 23:29:40 · 8 answers · asked by °philip°° 1 in Business & Finance ➔ Other - Business & Finance
The central idea is that, we give value to things, and not vice-versa.
I already saw few answers that are trully realistic.
The sense of value and competition, to make our human race evolve and create new products, may fall, if we take value away.
But still, I'm very interested to discuss, and read people toughts.
thank you for writing
2007-03-05 00:13:46 · update #1
In a nutshell.. if you print more money, then the value of each dollar will drop.. the rest of the world is not going to say OK.. you owe us $7 trillion.. heck just print a few $7 Trill notes and pay us back.. WISHFULL THINKING!!
you are forgetting that USA has a massive debt and that the value of your dollar is tied to that debt.. it is also tied to things like PPP (purchase power parity) which simply means the value of the dollar is globally relative to the GDP of the entire nation (which in USA is dropping as your foreign debt is rising rapidly)
Take Africa.. why are they starving over there??? For the very reason that they have low PPP and also a large debt.. this has allowed foreigners to pillage their resources cheaply.. and Africa could not simply print more money.. well. Zimbabwwe does.. and it now experiences 4,000% interest rates..
If USA printed money.. interest rates would certainly rise to 50% or more.. because relative to other nations (remember PPP).. you wouldn't be able to justify the increased liquidity (ie. you didn't EARN IT) .. and in the end you would be much worse off.. the property market especially would collapse.. completley!!
sadly.. USA invented and pushed the capitalist system on the planet.. now it has to learn to deal with failure.. and one part of that is your money will not buy as much as it did 15 years ago..
get used to that fact.. there is no way around it.. just ask the Africans.. in a way.. its a justifyable and natural occurence.. because USA consumes most of the worlds resources and contributes most of the worlds pollution.. so now it is only just that your dollar and markets crash out.. so the American consumer essentially STOPS wasting the planets limited resources for its own selfish ends.. see.. if your dollar tanks.. you wont be able to buy as much.. WHICH IS GOOD!!
you'll just have to learn to live a much leaner life unfortunately.. and feel free to keep voting for Bush too.. that way the richest 5% of Americans can still get richer while most of the rest start to freeze and starve..
enjoy
2007-03-04 23:47:04 · answer #1 · answered by Anonymous · 0⤊ 0⤋
This question really intersted me as it relates to a historical precedent, just prior to the beginning of the world war 2 money had little value as they printed more money the money continued to be worth less and less, people would go to a restaraunt a order a meal and negotiate the price before they started as the meal would cost more to buy at the end of eating it!!! people literally would have wheelbarrows full of money to pay for things.
This of course cannot work and the system collapses.
I like the idea though, I have been looking at a new colour copier, wanna go into printing hmmmmmm!!!!!
2007-03-05 07:40:51 · answer #2 · answered by coolasfreezer 1 · 0⤊ 0⤋
Without economics,we have no competition, and therefore no invention. Without invention,technological evolution will come to a stand still.
Because just printing money, devalues the money. Then it will be worthless. Just before WWII the Germans had a large public debt, and printed a lot of money to pay these debts. The end result was worthless money. It would take a whole wheelbarrow of paper money just to buy a loaf of bread.
Maybe you should suggest to congress to make tree leaves currency. This way they won't have to spend money on printing the money, and I would have some place to dump my leaves in the fall.
2007-03-05 07:43:12 · answer #3 · answered by Anonymous · 0⤊ 0⤋
There has to be something (gold, for example))holding up the VALUE of the money. Just printing money to give it to everyone makes it worth NOTHING.I WORK for my money and so can everyone else.
2007-03-05 07:34:54 · answer #4 · answered by Anonymous · 0⤊ 0⤋
it has to be backed up on something...and if you did that then 3000 would be equivalent to about 3 cents as it would devalue the currency - for examples see socialist - communist countries that do just what you suggest...except china which has gone to a capitalist market ( to some extent)
2007-03-05 07:33:44 · answer #5 · answered by Anonymous · 0⤊ 0⤋
cause when its not backed up by something...ie. gold or some other precious metal then its really just worthless paper. It hasn't been backed up by gold in the U.S. for quite a while. It is backed up by our very shaky economy...if we ever have another stock market crash. the dollar will fall badly.
2007-03-05 07:34:26 · answer #6 · answered by Fletcher 4 · 0⤊ 0⤋
people have to work for money giving away free money would not benifit the economy because nobody would need to work
2007-03-05 07:33:03 · answer #7 · answered by links305 5 · 0⤊ 0⤋
good question!
i totally agree with u
2007-03-05 07:34:11 · answer #8 · answered by Anonymous · 0⤊ 1⤋