Since humans create the money and therefore can create as much as they like, what would go wrong if they gave everyone as much money as they would ever need?
Inflation would go so high that it would make money practically worthless. This is because since everyone would have as much money as they want no one would work unless they were paid an extremely large amount of money which means prices on things would skyrocket to pay workers to produce and sell them. Prices would go so high that the amount of money everyone recieved that would be all they would ever need would actually be almost worthless.
So, you're pretty much asking, why don't we live in a communist society? Because it's only good on paper
If the governments of the world created as much money as they would like, then money will become worthless.
Then why not create an equal amount of both, the money and the goods, that is enough for all of us. And take our time to do this, if necessary. That way, there won’t be more demand than supply or more supply than demand. And don’t bother telling me it is this way already.
it's not the money problem but it's human's greed problem. they invent money just to set as the standard measure for exchange goods. It's better to give people what they want instead of give them much money to buy things because they will never satisfied..
The truth is, we are working for money, even though we want to believe we are working for food, clothing, and shelter or home. It is work that creates food, clothes, and shelter or home, not money. The only way to save yourself from going to work almost every day of the week is to make sure you are creating through your work the things that are important to you, such as food, clothes and shelter or home. We don’t really need televisions, cars, and even planes, if we still have to go to work almost every day of the week, just to be able to feed ourselves. So why create through our work, anything but food, clothes, shelter or home, and whatever else that is important for our survival?