is this a stupid question?

Question

why do we let poor countries suffer who have no money, and all the homeless people on the streets?
when all we have to do is print money to give to them, why cant we just do that? its only paper after all

Answer 1

Dumb question, you must not any idea of how economics work. You print more money, the value of the dollar goes down. If you keep printing more, and don't have anything to back it up with, your money is worthless, and it IS like handing someone a piece of paper, because their is no value behind it. Then, our economy goes down the toilet, because everyone has so much money, it's not worth anything, because there is an over abundance of it. Then, other countries don't accept our money because it is nothing more than a piece of paper, trade goes out the window, and we as a country are screwed. Awesome idea.

Answer 2

As stated the 'paper' which is supposed to represent something of value (gold/silver) would be devalued. However, this is already the case and the 'dollar' hasn't been backed by gold or silver since the Federal Reserve (a private banking entity) took over the economy of the nation. Technically I believe the backing of the dollar is now the labor of the taxpayers, though I'm no economics expert.

"If the American people ever allow private banks to control the issue of currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered." Thomas Jefferson

Answer 3

If we did and they didn't "earn" it then the value of the dollar of that particular currency would drop.
Ex. since 1$ CAN >= 1$ US

If america did as you would like to do to solve the money problem. According to how economics functions,
suddenly 1 $ CAN = 500 $ US

In terms of currency being devalued. So it will take an american 500$ anywhere to buy a dollar chocolate bar in Canada.

Oh, and next time...don't ask ppl if you got a stupid question...your just giving them something to chew on...and besides there is one that is Absolute and that there's no such thing as a stupid question. But hey you don't have to take my word for it...im just a soldier of the Canadian Forces

Answer 4

Not a stupid question if you truly do not know the answer. It is an opportunity to learn.

When we print money without backing, we devalue the dollar. If we printed money for everyone who was poor, a dollar would be worth nothing and everyone would be poor.

Answer 5

Hmm...Let's start with the basics. The more money you print. The less it's worth. On another note, I do agree we should take care of people of this country that are legal and homeless before we go to foreign countries to aid them.

Answer 6

I think it was Italy that tried this after WW2 and in the end it took a shoe box full of money to buy a loaf of bread. If you don't have the resources to back up the extra print of money EVERYONE'S money becomes worthless. No benefit, not to the poor, and not to those who have some money.

Answer 7

Glad you asked. Money has to have something backing it (gold for our country's currency). Theoretically, there has to be a certain amount of gold in your reserve (Ft. Knox) to back each bill which is printed. In actuality, our bills will buy something because Americans BELIEVE that the bill has a certain value. If too many dollars are printed just because we have printing presses the value of our bills will become worthless.

Answer 8

Well, you don't see the big picture. We can't just "print money", but we could pull our troops out of Iraq, and use part of that 2 billions dollars a week to help poorer countries establish an infrastructure, help them with their health care and help them produce their own food.

Answer 9

Because printing more money does not make more money it just increases inflation, it's called over minting.

Money represents a gold amount kept in Ft. Knox. We can't just make up money amounts the dollar only represents that amount and on it's own is worthless. That is why it says federal reserve note on it and that is why it is not worth anything in other countries.

Answer 10

Because all the money we print now goe to the rich Bush supporters and in theory it's supposed to trickle down. But it was a rich Republican that found that theory. Now they're trying to lie to us and tell us how good it's working while they're sending all our jobs to poorer countries that lack a standard of living, safety, benefits, and many other things our forefathers fought for.