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Why can’t the government print more money?
If everyone suddenly starts walking around with millions in their pockets, money will lose its value and business owners will react by jacking their prices up as they notice that everyone is now more than willing to spend more money due to having more cash. When you print money and give it to the poRead more
If everyone suddenly starts walking around with millions in their pockets, money will lose its value and business owners will react by jacking their prices up as they notice that everyone is now more than willing to spend more money due to having more cash. When you print money and give it to the poor, you are redistributing wealth but at the same time causing prices to go up due to the plenty money in circulation.
See lessE-Naira
It is a digital currency launched recently, while many may know really know why it was launched or the uses, I think the idea behind the Enaira is a great one. It is the biggest thing I can think of that would cut down on corruption and bribery. It’s very hard for money to go missing or have it extoRead more
It is a digital currency launched recently, while many may know really know why it was launched or the uses, I think the idea behind the Enaira is a great one. It is the biggest thing I can think of that would cut down on corruption and bribery. It’s very hard for money to go missing or have it extorted when it’s all digital and every piece of currency is accounted for.
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