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The constitution says Congress shall have Power…To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures.
It also says that no state shall issue money except for gold and silver coin.
But it says nothing about printing money. In fact the government doesn't print currency. The federal reserve does - but that's not a part of government. The federal reserve is owned by other banks.
that may be a bad idea. The money supply is probably more important to the country's defense than secure borders.
Money is a fiction. The real wealth of the country consists of things like factories that turn our manpower into goods and services. If there isn't enough money in circulation to buy those goods and services, people get laid off, and everybody gets a little hungry. When people invest money in capital goods, things like bricks and mortar, of punch presses that money goes out of circulation. There really needs to be enough money created to replace those invested dollars.
If there are too many dollars, you get inflation. A little bit of inflation us a good thng. as it encourages people to invest. If you have too few dollars, not only are people sitting dle, but their assets are worth lesws. If you borrow $80,000 to buy a house worth $100,000, and the house frops in value to $60,000, you're encouraged to default of your load. It's better that your house becomes worth $120,000, because you can take that $20,000 and buy a pubch press. That means more jobs, and we're all a little richer.
Gold fanatics want to eliminate paper money, but that's a bad idea. In 1950, the population was 150 milion, and today, it's 330 million. That means we should have more than twice as many dollars in circulation. The supply of gold, however, is pretty much constant, and we cannot increase the money supply if dollars all have to be backed with gold.
Get control of the money supply? Definitely! But don't destroy the economy by elinating all but gold money, that;s just silly!
What else can I help you with?
What would happen if governments print lots of money and give everyone on earth a billion US Dollar?
I wish it worked that way! But, if the Government really did not have that money, then it would be like giving everyone tissues. The money would be worthless, because all they were was printed up, no value behind them.
What was the effect of the federal reserve act?
Created by William Howard Taft (27 President) The Reserve Act basically divided up the country into 12 regions this made it harder for corporations to become Massivly rich.
Can a nonprofit give money to a for profit organization?
Can a nonprofit foundation give money to a for profit organization
How does money flow through the US Economy?
People give money to businesses then the businesses give that money to other people and it repeats itself.
Why doesn't the US have the federal reserve print more money and give it to the people?
Because, printing more money just does not solve the problem. printing money in an uncontrolled manner causes severe economic problems and devalues the currency. Take Zimbabwe for example, a loaf of bread costs a few million bucks in their local currency because the government resorted to printing more money to ease their financial burden. That resulted in severe devaluation of their currency and it damaged their economy as well.
Who does the constitution give power to coin money?
The treasury department has the power to produce money.
What kind of governent does the constitution give the power to coin money to?
Federal government
What kind of government does the constitution give the power to coin money to?
Federal government
Which did the Constitution give the states control of?
A.the power to raise and maintain an armyB.the power to determine qualifications for votersC.the power to coin and print moneyif your answers look like this it is B
What four power does the constitution give to the legislative branch?
Elastic clause money borrow money and tax, the government has money to give to us, borrow money which we are currently doing it china, and elastic Clause which is the statement that grants the congress the power to pass all laws
Did the constitution give the federal government the power to tax?
How does the constitution have the power to tax
Does the US Constitution give the people power or control their power?
The Constitution gives more power to the people.
What was the federal reserve act?
To prevent another run on the banks (depositors withdraw their money) by allowing the Fed to print money out of nothing. To give the bankers political power internationally.
What was federal reserve act?
To prevent another run on the banks (depositors withdraw their money) by allowing the Fed to print money out of nothing. To give the bankers political power internationally.
What Federal Reserve Act?
To prevent another run on the banks (depositors withdraw their money) by allowing the Fed to print money out of nothing. To give the bankers political power internationally.
What does popular soverigenty give most power to?
constitution
What power does the constitution give the state?
reserved powers
