Printing More Money to Stop State Debt Crisis? - Defying the Law of Scarcity
Sometimes it is quite interesting and educative to listen to people of different walks of life and age demography speak about certain issues that bother on economics and finance. Other times it is fun; and there are some times that you get completely irritated due to what some people say ignorantly.
In this case, in as much as it may be due to sheer ignorance, there are people who believe that one of the ways to combat state debt crisis is by printing more money.
PRINT MORE MONEY SCARCITY
One of the economic concepts that really addresses this need to or not to print more money is scarcity.
Put differently, when a currency is scarce it affects the valuation of the currency. In other words, if you print more money and make the currency easily accessible to everyone and everywhere it will affect the valuation of the currency. In the same way, if you make the currency a bit scarce so that it becomes the most sought after for transaction purposes, then it will also affect the valuation of the currency
Yes, both affects the valuation: But which of them makes the currency appreciates? and which makes it depreciates?
MY THREADED THREAD - THREADSTORM
To get my response and thoughts on this issue, I will invite you all to check out my threadstorm.
This threadstorm is an entry for the Leofinance Contest: Contest! - Make a #Thread on Leo Finance by @leogrowth
In this threadstorm I explained why printing money recklessly isn't good for the economy of the state. This in turn will affect the relationship with the state in terms of international exchanges and trades. I also spoke of how it affects the market woman who sells tomatoes and onions. In other words, everyone suffers from this reckless decision.
After this I explained scarcity and I also spoke about the need for scarcity in currency, crypto coin and NFT item.
I assure you, it will be worth you time and I believe you can gain or contribute to the knowledge shared.
CLICK HERE TO VISIT MY THREADSTORM ON RECKLESS PRINTING OF CURRENCY - SCARCITY
- All designs were made by me using Canva Mobile Application.
Have you read these posts by me?
☆ Unravelling my Favourite Hive Author: The Story between the Storyline
☆ DIARY OF A CONTENT CREATOR ON HIVE
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☆ INFLATION: FROM THE LOCAL MAN POINT OF VIEW
☆ Buying, is not the Solution!
I AM KSAM
I may not be your favourite author, but you can journey with me to help me develop my "penmanship" skills. I am always open to criticism, correction and learning 🥰.
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Wow! @ksam, this was a lovely read and introduction to your thread.
When I was a kid, I felt that printing plenty money was something the country can do and make everyone rich but growing up I realized the irony.
I would check your thread. Good luck in the contest!
Exactly 💯
These thoughts also crossed my mind while growing up. Just print the money and share it to everyone. Why are they so stingy?
But, with time, I came to understand that it is much more than that.
Thank you so much for your comment and for checking out my post.
I am really grateful 🙏
It was really educating going through your #threadstorm, I have learned some things about the importance of allowing #scarcity sometimes 😊.
Thank you so much dear
I'm so glad you came to my bustop on Leothreads 😁
I'm sure you enjoyed your stay 🥰
You too much 🙌
I so much enjoyed my stay dear, I hope to join in the future #threads.
The future is now 😜
You can join now
That's right, I'm so in then 🥰.
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This was an interesting read, even though I knew some of these, it was very informative
Thank you so much for your comment...
I am sure I believed something like this when I was still in High School (make I use onyibo word small) especially since i hated everything commerce, art or economics.
O well, Naija don show me shege 😅😅
Thank you for your comment and input on this piece... im grateful 🙏
And if you also have a second or minute to spare, I'll really appreciate your comment on/in the thread also 🥺 thank you 😊
I also believed that before oh until I watched a video on it, I’ll have to figure out the treads, I am always occupied with coding so these days I’m hardly here
Wow!!!!
This one is something hoooge oo
You're into coding too?
Just wow
The future is IT, aabi IT is the future.. oil well 🙌
Just started a few weeks back
Trying to be a front end developer.
The future is indeed tech
I admire you o
It won't be an easy ride but it is worth it...
There are lots of opportunities outside the country sef
Omo it isn’t the easiest at all but we will be fine sha
You too sabi abeg! Like this now you don entre economics ooo. Chai, God bless some people sha. The Boss. You too much...
Lol
my OGA
I just dey learn small small nau
I say make i learn this one from you 🙌
Whining master! I no know whether you go school of whining join self 😀
Lol
Baba fear God nau
The son of Man no sabi anything hat hall
I will say I love your entry on this subject matter @ksam. Keep it up
For me, I will say Despite the Money Printing Machines. Money will still not have any value, if not invested.
Investments are what yield good returns, and with the selfish government the country have today. Nigeria is bound to owe debts.
I always ask why Nigeria practised Mixed Economy and yet over half its population are in abject poverty. This is not because of the country is not rich. But it is as a result of Bad Governance and selfish desires of the people in power.
There is something called Time Money Value.
It talks about investments and returns, and the period it takes for the returns of investments.
So money will be scarce when not put to good use(i.e Right investments that yields profitable returns).
This is so true, investment and international trading/exchange also aid in increasing the value of currencies.
I appreciate the fact that you also shared this lovely input in the threads as well
You are amazing dear 😘
Exactly.
I am glad I could give my own little input.
Thank you so much for sharing as well
This is a beautiful write up. I don't know much about stuffs like this, but I will try check your thread to gain more idea...
Thank you so much for your comment
Yea
You can always check it up and drop your wonderful comment or question there also 🥰
You welcome boss