So, here is where I'm confused.if I apply the same idea of 'printing more money and handing it out to the public' to my casino example, then that would be like the casino giving everyone at the poker table an extra $100 in chips to play with. So, the influx of cash (printed money) would seem to solve the unemployment problem. With TRUE unemployment probably somewhere around 15% in this country, if DEMAND rose, then companies would WANT to hire more people and build more processing plants to keep up with demand and raise their profits. (simple supply/demand economics) But this is where I'm curious. Also, people give the example that if the government were to print more money and just give everyone $50,000, then everyone would go out and buy things, thus making THINGS more in short supply, thus driving up the price of things. A lot of people out there are asking 'why can't we just print more money and solve the poverty problem?' Terms like 'inflation' and the 'devaluing of the dollar' are the usual buzz answers to that question. So, here is my question.and I hope I explain it well. (which although has no intrinsic value, is determined to HAVE value.) MONEY.īack in the day, before Jimmy Carter, it was the same way, that, at any time, I could cash in my MONEY for GOLD. At the end of the day, if I choose, I could cash in my chips and get something of value for them.

coins and bills) in essence is the same as chips at a casino. It is about currency and how our money is no longer backed by 'gold.' Money (i.e. So, my question might be more philosophical than economical, but it's wracking my brain and I can't seem to find an answer.

Give infinite money iconomy