5 ms·
If you print some more money is that wealth?
by bolder88 13y ago
If you print some more money is that wealth?
- lowboy 13y agoYes, because it could be exchanged for other goods and services. You could buy gold or land (if you printed enough money). Is that not "wealth" to you?
- bolder88 13y agoYou're not creating anything though. If you print money, you're just devaluing all the current money, and stealing from people who already have money. I'm not convinced twitter has created anything really valuable. Or anything that will be around in 5/10 years time.
- SideburnsOfDoom 13y agoJust printing money in the absence of a reason is generally regarded as a bad idea. More money in the system casing the same quantity of things to buy just causes prices to go up to compensate. In short, inflation. this is very basic economics. So the short short answer to "If you print some more money is that wealth?" is "No". https://www.google.co.uk/search?q=printing+money+inflation https://www.google.co.uk/search?q=printing+money+inflation http://economics.about.com/cs/money/a/print_money.htm http://economics.about.com/cs/money/a/print_money.htm