3 ms·
I think that's why poor countries suffer so much. Our rulers don't understand basic economy and money. Look at Venezuela right now or Brazil. Our rulers think t
by marcofloriano 10y ago
I think that's why poor countries suffer so much. Our rulers don't understand basic economy and money. Look at Venezuela right now or Brazil. Our rulers think they can just print money and distribute it.
But the truth is: money is just a tool, a way to get something.
In your example, there's no point in giving a million dollars to the homeless, it would make much more sense to make the $3 loaf cost 0,3 cents. Now everybody can buy it.
But if you just drop money in the lap of somebody that doesn't know how to produce value and change this value for money, those who produce the real value and owns the means to produce it will still making more money from those who can't produce.
To solve that: take the homeless, provide basic care and opportunities for him start to produce value. Then the money will come.
- kashkhan 10y agoThe situation in hyper-inflation like in brasil in 80s is different than helicopter money. We can use helicopter money to eliminate poverty. Its just one way of many. The world doesn't need most of the people to work. Today what you actually consume is produced by <20% of people working. Most products are produced by machines and not labor. The homeless don't need to work, because society can provide for them even if they don't.