if you ever think history isn’t an important subject just remember that my friend’s solution to poverty was to “just print more money”
Well isn’t it?
tell that to the weimar republic
[horrified german screaming in the distance]
Ok so many people may not know what this is about. After World War I in Germany the country was pretty much bankrupt and on top of that they were being forced by the allies to pay restitution for the war. In order to try to fix these problems the Weimar Republic which was the government that took over after the war decided to just print more money. Because of this the country faced hyperinflation which basically means that everything became majorly expensive and the money was pretty much worthless. This is a picture of a man that is literally carrying money around in a wheelbarrow because that is how much money it took to pay for things:
These are some children playing with stacks of money because they were cheaper than toys:
And here is another:
So in short no you cannot fix poverty by printing more money.
I used to think that was a solution so I’d like to thank this post for explaining it to me
Too much money is the problem. Especially in this day in age when it doesn’t even need to be printed to be available. The worth of a dollar is only as much as teh faith we put in it so when people don’t have moeny to spend, it’s worth less. that’s why it’s good to raise minimum wage because people won’t only use their money on shelter, utilities, food and car payments. They will be able to actually buy luxuries which will help the economy grow. The people who hurt the economy the most are the old rich people who just let their money sit in their banks accumulating more wealth without spending any of it.