2007-10-17 02:38:46 · 9 answers · asked by shill_freak 2 in Business & Finance ➔ Personal Finance
i DO earn my own money :P
2007-10-18 11:10:27 · update #1
You will find interesting reading the history of Germany before the second world war. The govt. printed lot and lot of currency notes to finance the war. Inflation rose to such an extent that a cup of coffee would cost 20 million marks . The ultimate result of such inflation was that only two class of people remained. One was ultra rich and the other was that of beggers. Can you imagine such situation at present ?
2007-10-17 03:08:26 · answer #1 · answered by yogeshwargarg 7 · 2⤊ 0⤋
If the government just kept the printing presses rolling it would create inflation. The prices of the things people buy would just go up meaning that the money would buy fewer goods.
Giving the money to people who don't have any would create a disincentive to work and save.
Why not find a productive use of your time and EARN good money?
Good Luck
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2007-10-17 02:46:30 · answer #2 · answered by insuranceguytx 5 · 2⤊ 0⤋
because the upward push contained in the provision of money might want to strengthen to the increasing inflation of the price of things and may want to pressure the Pound overseas money to be worthless comparing with different overseas money. imagine about it, even if that is that trouble-free to easily make money out of no longer something, each and every international locations might want to do a similar. Zimbabwe is my strong social gathering for no longer printing more suitable money, in basic terms look at their inflation situation. Their one thousand billion dollar is worth like ten American dollar.
2016-10-21 07:32:50 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Have you thought about this? It would increase inflation, ergo the price of something like a can of coke would cost £900, so that £5000 the Gov't gave the poor wouldnt really be worth much, would it?!?
Lord help us from the daft people...
2007-10-17 02:55:28 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Think about it... If they print money and give it to people... Nobody would work because they want to get the free money. Suddenly food supply drops because no ones producing any... And prices shoot through the roof as people starve on the street.
2007-10-17 04:55:01 · answer #5 · answered by Anonymous · 0⤊ 1⤋
We already do it, it is called Foreign Aid!
That is why the USA is now the biggest Debtor nation in the world, and no longer the biggest "Creditor" nation (all lost in the last 30-35 years).
2007-10-17 04:11:34 · answer #6 · answered by redheadedstepchild 4 · 0⤊ 0⤋
This would de-value the rest of the money in the system.
2007-10-17 02:46:13 · answer #7 · answered by Chris H 3 · 2⤊ 0⤋
That's already happening and that is why our dollar is worthless. Back to the gold standard.
2007-10-17 02:46:27 · answer #8 · answered by Anonymous · 0⤊ 1⤋
Are you serious?
2007-10-17 02:44:57 · answer #9 · answered by Jamie 1 · 0⤊ 0⤋