Why Can't Government Print an Unlimited Amount of Money? How Money Works, Exchange Rates, and the Global Dominance of the US Dollar
Hi! Everyone . Have you ever wondered what is the reason that the Government is not ending poverty by printing money? Why is the value of some countries more and some countries less? Who decide this? In 1947, 1 dollar was equal to 1 rupee. Today, 1 dollar is equal to 83 rupees. So, why this happen? Countries are trading in US dollars in place of gold. Why in US dollars and not in other currencies. Let's break down these questions in simplest way: Why Doesn't the Government Print More Money to End Poverty? Imagine if the government could print extra money and give it to people. You might think this could help to end poverty, but there is a problem. Money represents the value of things which we can buy, like toys, food, and houses. If we print too much money without making more of these things, the value of money drops, and prices go up. In a simple way let's understand with an example. If you want to sell your second hand mobile phone. Suppose, you keep the selling price of...