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How will we have money to support millions of more people in the future?

Posted by Chrisstenson Ford 28 February, 2010 - 103 views

How will the system of money work to keep from having an extremely disproprotionate balance of wealth and poverty if the rate of population growth continues to soar and we have many millions of more people in the future?

Does the system of money have a mechanism built in to combat something like this? For instance, will more money be made (not currency) in order to support more people?

What is money? Is it silver or what?

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Categories : Uncategorized Tags : balance, currency, disproprotionate, money, money work, population growth, poverty, System, wealth, wealth and poverty, work

Comments
February 28, 2010

Peoples labor will create more stuff so the size of the economy increases with the population. Central banks (the federal reserve in the US) increase the currency and credit available to support the economic growth. When money was based on the gold standard and the money supply was fixed, prices fell with increased production, but the economic growth rates were low compared to today.
Most "money" is really credit or promises to pay and currency is the unit of measure. We make most of our payments with checks or credit cards, not cash.

The population growth in the world is slowing down and is expected to stabilize in about 2050, If it were to continue to soar we would eventually run out of food and resources, but that is not expected to happen, but if it did money would be the least of our worries.

Posted by meg
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