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What If More Money Is Printed by praxs(m): 9:10am On Apr 16, 2017 |
If we print more money, prices will rise such that we’re no better off than we were before. To see why, we’ll suppose this isn’t true, and that prices will not increase much when we drastically increase the money supply. Let’s suppose the government decides to increase the money supply by mailing every man, woman, and child an envelope full of money. What would people do with that money? wouldn't that reduce the rate of hardship in Nigeria? the printed more will be used to clear national and state debts and the economy will sail properly. everyone will be better off that how he was, and we will all be wealthier than prior. What do you think about such move? |
Re: What If More Money Is Printed by Smart41(m): 9:21am On Apr 16, 2017 |
Pls i need that thing you took... Need a reliable clearing agent? check my siggy. |
Re: What If More Money Is Printed by praxs(m): 9:24am On Apr 16, 2017 |
Smart41:And that will be? |
Re: What If More Money Is Printed by Smart41(m): 9:27am On Apr 16, 2017 |
praxs: Na you go tell me na |
Re: What If More Money Is Printed by Nobody: 9:36am On Apr 16, 2017 |
What you're advocating for is impossible. Since we're faced with inflation 'cause more money buys fewer goods. There's already too much money in circulation and printing more will only make things worse. 1 Like |
Re: What If More Money Is Printed by Nobody: 9:38am On Apr 16, 2017 |
kimbra: Happy easter hun |
Re: What If More Money Is Printed by Nobody: 9:40am On Apr 16, 2017 |
Bumbae1:Same to you dear!. How are we celebrating the easter?. |
Re: What If More Money Is Printed by Nobody: 9:42am On Apr 16, 2017 |
kimbra:Family don go Manchester o .. only me here on my jack jones Guess will just chill skipped church too woke up late What about you ? |
Re: What If More Money Is Printed by praxs(m): 9:42am On Apr 16, 2017 |
kimbra:thanx for this contribution. on the contrary however, I don't see how inflation can be increased if the printed Money will be used by govt to clear off national debts. sharing to the masses will no doubt leads to inflation |
Re: What If More Money Is Printed by Nobody: 9:52am On Apr 16, 2017 |
praxs:Whenever a government has debts, they don't just print more money for debt settlement. Don't forget the money borrowed was added to your economy, by so doing, that has already increased the volume of money in circulation. What we're faced with today is not a situation where there's no money...it's a situation where too much money changes hands so the need for fiscal policies to reduce the volume of money in circulation. Debts are paid over time. The government has investments from which it service it's debts from. Don't pay attention to the lies Buhari is telling. Nigeria has money. |
Re: What If More Money Is Printed by Nobody: 9:55am On Apr 16, 2017 |
Bumbae1:Nothing much down here. I just came out of church, waiting on my siblings to come out. Have fun!. |
Re: What If More Money Is Printed by geezyk(m): 9:57am On Apr 16, 2017 |
kimbra: This girl is just smart, I doff my hat for you.. |
Re: What If More Money Is Printed by Nobody: 9:59am On Apr 16, 2017 |
geezyk:Thanks. My choice of course demands I know these basic things. |
Re: What If More Money Is Printed by Nobody: 9:59am On Apr 16, 2017 |
kimbra:Oh ok .. wish my siblings was here miss some of them |
Re: What If More Money Is Printed by Nobody: 10:02am On Apr 16, 2017 |
Bumbae1:Aww!, you could call if you miss them so much. For me, I miss the boys. They're natural comedians, and I have two that are never tired of coming up with something funny. |
Re: What If More Money Is Printed by Nobody: 10:03am On Apr 16, 2017 |
Bumbae1: Eyaa, if you need someone I can come chill out with you bae Give me coordinates, I will pack my stuff and be on next flight to your location |
Re: What If More Money Is Printed by Nobody: 10:04am On Apr 16, 2017 |
kimbra:Yes will call later They in church now .. will skype them so can see their faces .. 1 Like 1 Share |
Re: What If More Money Is Printed by Nobody: 10:05am On Apr 16, 2017 |
sonofLuci:Haha if only it was that simple aye .. are you in Lagos? |
Re: What If More Money Is Printed by Nobody: 10:06am On Apr 16, 2017 |
Bumbae1: Nah I am in Delta, lag no far na, seriously I wan come ni, I like they near you they look your pretty face, with someone like you self I go throw way my TV, your face go be my cinema |
Re: What If More Money Is Printed by geezyk(m): 10:18am On Apr 16, 2017 |
kimbra:Economics or finance major I suppose? |
Re: What If More Money Is Printed by Nobody: 10:31am On Apr 16, 2017 |
geezyk:The formal. |
Re: What If More Money Is Printed by geezyk(m): 10:34am On Apr 16, 2017 |
kimbra:Awon economists, good for you though, I heard you guys are stingy, hope you aren't? |
Re: What If More Money Is Printed by Nobody: 10:37am On Apr 16, 2017 |
geezyk:Miserliness is not the same thing as being stingy. Anyway, I'm a frivolous spender when I have needs. |
Re: What If More Money Is Printed by geezyk(m): 10:47am On Apr 16, 2017 |
kimbra:I like you already |
Re: What If More Money Is Printed by Nobody: 11:37am On Apr 16, 2017 |
Bumbae1: Lets chat on whatsapp, drop your digit let me add you, I will tell u to modify one I get it |
Re: What If More Money Is Printed by Nobody: 11:43am On Apr 16, 2017 |
sonofLuci:Chat ke We can chat here o or u can pm me , wts app just for ppl i know offline |
Re: What If More Money Is Printed by Nobody: 11:45am On Apr 16, 2017 |
Re: What If More Money Is Printed by Nobody: 11:46am On Apr 16, 2017 |
sonofLuci:Y u dey laugh pm me if u wan talk we'll see |
Re: What If More Money Is Printed by Ologogoro: 11:47am On Apr 16, 2017 |
Suppose there are only 3 men living in a country with #3000 combined assets with them. Also there are only 3kgs of Rice available in entire country during a year being priced at 1000/kg. One person with assests of #1500 will be able to buy 1.5kg, another one 1kg & the other 0.5kg. Now suddenly everyone is given #5000 additional to what they initially had. Combined assets now will increase, however just to realize there are still only 3kgs of Rice available. Everyone will be able to buy the same quantity but with a higher value. Price of Rice will get increased to even out the ratio. In reality, this could get much worse. Inflation will be out of control, your currency will lose value & you won't have any option other than changing your currency. Zimbabwe is a recent example. People there were able to buy just a loaf of bread with 65 million Zimbabwe Dollar. That's Insane cos all.of us would become billionaire yet we won't be able to meet our demand with what we have. Ologogoro |
Re: What If More Money Is Printed by Nobody: 11:48am On Apr 16, 2017 |
Bumbae1: You too funny that's why na, only for people you know offline, I come they wonder whether the people na offline you they follow them chat |
Re: What If More Money Is Printed by Nobody: 11:51am On Apr 16, 2017 |
sonofLuci:Chai u smart Normal guy no go clock that one |
Re: What If More Money Is Printed by Nobody: 11:53am On Apr 16, 2017 |
Bumbae1: LOL, you think say na Akara school I go before because I dey yarn pidgin ba |
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