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Debates Forum

Debates Forum

  1. Subscriber AThousandYoung
    It's only business
    18 Oct '09 06:40
    What would happen if a nation based currency on people (instead of gold, for instance) and printed money to hand to every adult - their share - when they reached adulthood?

    I don't advocate this. It was just a thought. What do you think?
  2. 18 Oct '09 07:32
    You have to be more specific than this. But I would guess money would most likely lose its value and people would invent an informal currency.
  3. Standard member telerion
    True X X Xian
    18 Oct '09 15:35 / 3 edits
    Originally posted by AThousandYoung
    What would happen if a nation based currency on people (instead of gold, for instance) and printed money to hand to every adult - their share - when they reached adulthood?

    I don't advocate this. It was just a thought. What do you think?
    The dollar would rapidly grow in value relative to goods and other currencies. Even if the rate of money supply growth matched money demand growth in the US, there is a lot of demand for dollars overseas.

    Edit: It could lose its value as KN suggests if people found that the eventual extreme shortage of dollars made them basically useless for currency so that a different currency became used for trade. Then demand for dollars would drastically fall.
  4. Donation rwingett
    Ming the Merciless
    18 Oct '09 15:48
    Originally posted by AThousandYoung
    What would happen if a nation based currency on people (instead of gold, for instance) and printed money to hand to every adult - their share - when they reached adulthood?

    I don't advocate this. It was just a thought. What do you think?
    I think what would be beneficial is if society adopted a stakeholder model of organization instead of a shareholder one. One could make the case that this would be a "people" standard instead of a "monetary" one.
  5. Standard member telerion
    True X X Xian
    18 Oct '09 18:12
    Originally posted by rwingett
    I think what would be beneficial is if society adopted a stakeholder model of organization instead of a shareholder one. One could make the case that this would be a "people" standard instead of a "monetary" one.
    Expand please.
  6. Donation rwingett
    Ming the Merciless
    18 Oct '09 19:28
    Originally posted by telerion
    Expand please.
    http://en.wikipedia.org/wiki/Stakeholder_theory