Why doesn't the government just print lots of money to give the poor people? It's literally just paper

Why doesn't the government just print lots of money to give the poor people? It's literally just paper.

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Create your crypto, which can be printed at will, and give it to poor people. Then come back and ask your question again retard

Because then the people selling shit will increase their prices when they hear of this big cash injection into the economy

They should just make everything free then no one will be poor.

>the state of /biz

embarrassing

because every unit of money represents a corresponding unit of physical goods. printing more money doesn't directly create those goods. money printing is connected to it's country's ability to create new goods (ie. GDP) before anything else.

Then just don't tell anyone you're printing???

still doesn't solve the core problem that there still isn't any more food or houses to give to the poor. if your trying to divide a 4 slice pizza between 5 friends, writing 5 pizza slice IOUs doesn't solve the problem.

although for a country like the states, poverty is more complicated than not having enough stuff. complicated to the point where you actually could give money to poor people, tell them to do useless work, and it would kind of work. that's a lot harder to explain though

But a pizza is real, money is just paper. Is the government gonna run out of paper or something lol?

It did,and they all blew it on 'crack & meth.

No, but srsly, they did actually print money and give it to the poor.

It was called Q.E (Quantitative Easing) and the money was used to fund the Civil Sector wages, otherwise they'd have all been redundant.

Q.E worked - sort of - but what happened in turn is asset prices inflated (land) and bank interest rates had to be kept low, which made the little worker people take out more credit.

The government does do that, first of all. Never heard of welfare/food stamps/medicaid? And if they vastly increase the scope of those programs then very few people would work and we (the middle class and up) would have noone to service us and then we'd be fugged.

No but if you print too much paper we will run out of pizza

because no one chooses to work if they have enough money to survive. And homeless people spend it on drugs

This is an obvious troll, but I know people irl that legitimately believe this.

It's way too late for that, the US isn't top dog by as much of a margin as it used to be. If they actually did that, China would fuck y'all up and RMB would become the new global reserve currency because nobody would trust dollars anymore. That's not a good thing for US citizens as your purchasing power would drop through the floor.

>And if they vastly increase the scope of those programs then very few people would work and we (the middle class and up) would have noone to service us and then we'd be fugged.
really is no evidence of this. basic income experiments actually show a sense of stability decreases drug use and increases education access. none of them have run long enough to show a significant effect on the work force either way.

Central banks are printing literally trillions of dollars/euros and you guys are saying giving poor people some of that would destroy civilization? Why not give it to actual consumers and let it trickle up?

Crypto will be the true world currency in a few years anyway why should we care what happens to the credfibility of the dollar? It won't be so credible in 20 years anyway

This. Trickle down economics is a meme. If poor people get money they spend it.

They should give to the poor but they Don't because they Don't want to inflate the US dollar. In truth what they should do is print enough money to pay back the debt the US owes to every country they owe money to and then pay back everyone else who's money has undergone hyperinflation additional money to make up for devaluation and then require employers to pay more to workers to make up for inflation. Then the US ows no more money and everyone is happy except the countries who we paid back but screw them this is murica.

Trees*

Free money devalues the money people actually have to earn, are you retarded OP?

...

Why should we give money to the poor they don't earn and therefore don't deserve? We should make them work for every penny, even the disabled can do call center stuff. If they aren't suitable to earn money they aren't suitable to have any, social darwinism is reality

Delete these posts.

Slightly related, why doesn't the government just pump up its printing and inflate away the national debts?

Also giving money to people who can't earn it themselves (and yes earning includes capital gains, that's earned with intelligence) will ensure they breed more and raise more low IQ and/or low work ethic people who will only continue to leech and further degrade our societies

nice just paid for a bunch of robo advising software and put all my money into robo funds and peer to peer lending

Why should we give money to the rich? Well over 80% of the rich get their wealth from inheritance/lottery. They don't work and therefore don't deserve. We should make them work for every penny, even the disabled rich can do call center stuff. If they aren't suitable to earn money they aren't suitable to have any, social darwinism in reality.

buying flat screen TVs and cigarettes is better for the economy rather than creating businesses and jobs with the same money

Children of the rich are (typically) the same genetics which earned it the first time, therefore social darwinism holds true. The gov and common people still don't deserve what they (as a family) have earned even if they could "use it better" in their opinions

The US is already at employment saturation, at least until automation hits harder. What jobs?

>print more money
>everyone has more now
>raise prices in accordance
>no actual change quality of life
>purchasing power of the dollar declines
There’s only about 100+ years of data showing exactly this happening lmao

>what is inflation

With that line of thinking the president shouldn't be elected based on merit and credibility or how much effort he put in to being the right man for the job. We should just put the richest man in office and continue with a monarchy where only the richest and their children may rule. Donald Trump Jr. would rule after trump. We don't need elections.

>In truth what they should do is print enough money to pay back the debt the US owes to every country they owe money to
it is way more complicated than this and this is actually a terrible idea.

ethical arguments aside, you're paying poor people to live regardless. when you leave the poor to fend for themselves on top of living costs you're paying for emergency care (people with no health insurance let medical problems worsen), increased police presence, and jail in some cases (30k to 60k per person per year), to name a few.

although there is a link between genetics and IQ. someone's success in life is almost entirely the quality of their upbringing. take the baby of a poor family and have it raised by a rich and you wouldn't be able to tell the difference on paper.

>tether

>flat screen TV
>mentioning the flat screen
Are you literally 40?

Go ahead and joke about it, but this is what liberals ACTUALLY believe.

Curved tv's are where it's at now

They do, it's called neo keynsianism

You do know rich kids deserve their money, right? Not because of whether they earned it or not, but because someone in the family earned it and wanted to spend it on their kids/family.

If a rich father wants to give his money to a retarded son, it's his right to do with his money as he pleases.

I think you need to watch this
youtube.com/watch?v=iFDe5kUUyT0

This meme is dying thanksfully

Genetics are not in any way related to what you are taught to believe or how your mind devealops. Genetics determine your skin color or how easily you develop muscle or how tall you grow or how easily your brain makes connections or if you are make or female. Just because I work hard and become a good leader does not mean I will become rich and definitely does not mean my kids will believe in the same ideologies as me or have the saame work ethic as me or will be good leaders. Genetics plays no role in what you think it does.

um, they do

what do you think the massive debt fueled welfare state is?

don't worry, in the US the real defect is only 100 trillion dollars no problem

>Genetics are not in any way related to what you are taught to believe or how your mind devealops
Boy, you are at least thirty years behind scientific research with that one.

Fuck you're right...

No retarded son needs to be a multi-billionaire. I Don't care if his father is Jesus. No one ever needs that kind of money and if someone is able to amass the amount in the first place there is a problem in the system that needs to be fixed.

Trees are a renewable resource.

>goldsilver.com
>listening to why fiat is bad from someone who directly profits from people believing fiat is bad.

Cherry picking but missing the point.