Wouldn't American Money Be More Valuable if Congress Made It a Limited Resource?

@mythociate (11907)
Oklahoma City, Oklahoma
February 27, 2013 7:46am CST
Sure, it may be 'in limited supply' to most people (I don't know); but money-creation is a simple thing---the banks "create" new money when they give loans. Granted, that money has to be repaid (plus a little extra) out of the old money (which is all money that the banks 'created' by giving out loans before). I'm not suggesting "totally cutting off the worth of any current money and the creation of ANY new money"; I think I'm suggesting that money should be created by the population---that every person has mailed/e-transfered to them 'their age' in dollars everyday ('the childrens' ages' being added to their parents' joint-account ) Good idea, you think so?
5 responses
@blackrusty (3534)
• Mexico
27 Feb 13
if they go to a all plastic card payment system thing about all the money the government would save every single year on not printing and destroying our money now i understand this would do harm to some mom and pop stores but they would have to come up to the times and get a card reader and for those that dont have bank accounts there are those pre paid cards also a good veiw poing for the budget issues that we have with our government spending to reduce the budget at hand
@mythociate (11907)
• Oklahoma City, Oklahoma
27 Feb 13
And how could we trust a 'printed out number' to be more valuable than a 'huge pile of specially printed artwork'?
• Mexico
27 Feb 13
do you have a bank card or credit card how can you trust it it works on the same
@Olleenz (3404)
• Indonesia
27 Feb 13
In government / bank understanding, credit card is another type of money
@Olleenz (3404)
• Indonesia
27 Feb 13
Money creation (or value of money) related to inflation / deflation of country. Resource limitation can made country economic even worst.... Anyway, bank made not to create money but to control money circulation. Just example, if government think need to reduce money in community (citizen), they ask bank to increase or raised deposits interest. Technically when deposit interest raised into particular number, it will reduce money in community.
@mythociate (11907)
• Oklahoma City, Oklahoma
27 Feb 13
Are you claiming that inflation is a force of the market, with no controllable power-source? Because that's not true. Inflation is powered by 'greed' (greed-driven price-setters call it 'raising prices to cover costs,' but the initial costs are set by greed---"justified" greed, indeed; but it's mankind's choice )
1 person likes this
@Olleenz (3404)
• Indonesia
27 Feb 13
I'm not claiming anything, Inflation / deflation is effect of money circulation (over supply or under supply). Controlling money circulation not easy. We can't just made limitation on resource because it will affect many thing, include our current job. By the way, of course inflation powered by greed. No greed mean no job etc.... and that mean no money
• Mexico
21 Mar 13
I wonder if some countries make money, for all the wrong reasons? Like say to just loan it to another country.. and make more money that way. Just a thought.
1 person likes this
@lampar (7609)
• United States
27 Feb 13
Money is always a valuable asset to all nations and is considered a limited resource to most countries except a few extremely wealthy creditor nations. Since America has a big government, big bureaucracy also means big expenditure and big project for various constituency and big corporate donors. Even a limited resource like $$$ can be borrowed and created through voodoo economy policy enacted by congress to reward big financial donors.
@mythociate (11907)
• Oklahoma City, Oklahoma
27 Feb 13
Wrong. Money is an unlimited resource, limited only by the will of man (just like the wizard of Oz was really 'just some guy, you know?' whose will it was that limited the power of the people).
@Fatcat44 (1142)
• United States
28 Feb 13
mythociate, you need to take some econ classes. There is less tangible money available than poeple have in their accounts. Most "money" is a number (credit) in a bank account or stocks own. Billionairs like Warren Buffet do no have their fortunes in money, but in stock certificates values at a set price.
@mythociate (11907)
• Oklahoma City, Oklahoma
31 Mar 13
Just like you need to take some reading-classes
@mariaperalta (19226)
• Mexico
21 Mar 13
I just dont understand why countries just dont make more money. I understand most have gold and things for money. But what if a country say gave out 1000 to everyone? might make the lifes better for many. Just a thought..
@mythociate (11907)
• Oklahoma City, Oklahoma
31 Mar 13
Why don't they? I'll tell you: because money has no 'absolute' value. For instance, '1 dollar' today is worth about '20 dollars' 80 years ago ... i.e. the stuff that costs $2 today cost about 10 cents 80 years ago.
• Mexico
31 Mar 13
I think you are right there. Same problem here in mexico with our peso.
• Portugal
27 Feb 13
Money shouldn't exist. Call me a hipster. If it was just paper, and everyone got the same, there would be no hunger, everyone would have the same conditions, so no complaints, and the world wouldn't be turning around money. Big companies just care about making money, screw the environment and our health, do you really think supermarket food is healthy? or McDonalds? But why should they care, they have enormous profit. Money shouldn't exist, period. Than our politics, and everything around us would be focused on us , and on our society, not on being selfish and making money.
@Fatcat44 (1142)
• United States
28 Feb 13
Money is just a medium to trade a value. If is wasn't money, it would be something else. Clam shells have been used in ancient societies. I could write paper i.o.u.s and it would be legal that I would have to pay the holder the equivalent worth if they cash it in. Some people will always work hard, make more money, have more luck and be ahead of others. That is life. If we got rid of money, people would still starve, and/or be worse off than others.