I think that cutting all the prices will help all of out, tell me what you think. This is about all of the money in the world... if you were to cut down 50% will it help you?
yes but think about the govermint and how much money they will have. i mean, that if you cutt eveything down 50% then that will need up in les money being spent so that the ppl that make huge amounts of cash then the govermint will be abell to fix all of a lot of probloms so do you have anything else to say?
It depends on which kind of "money" you are speaking about. Are you referring to currency or value of everything? Well, before anything I must say its unrealistic and not many would agree to essentially giving away half their services/produces. But either way, economic apocalypse. Our currency going down by 50% would destroy our economy very quickly without any explanation needed. Many countries exchange goods from us, enough so it could cause a problem somewhere around the globe. Would this help me? No. I don't need economic collapse right now. Now, prices going down in everything? It would be the same thing as everything connects to one another and it wouldn't start if no profit was made. If prices were to go down, salaries would go down so after a while it would all by synced once more. But it could be risky and no, no help at all. But I would imagine something would be screwed up in our economy in the aftermath of both situations from how anything so extreme has ripples and what not.
after one of the world wars (i forget which, bear with me), they needed to pay off a huge war debt. They decided the simplest solution would be to increase the production of the german mark. ten years later, a basket full of 10 million mark bills would buy you a loaf of bread.
ok if they prices are cut by 50% the economy would lower a 50% although there would be more buyers but that would cause even more production so consumers can be held happy and with merchandise, but it would also increase a person's economy because they would be spending less money, but in the other hand jobs would pay less because there's lower use for money since prices were lowered by 50%
will,if it only apply to me. like getting some special coupons or card to get 50% off things. definetely.but if applies to everyone,salaries will be cut and it will still be same,just that u will find lesser notes in ur wallet.
It will eventually come back to haunt us because if it all was taken down by 50% then salaries would go down 50% or more then mad inflation will happen to increase the prices again and people won't have enough money to buy food for about 8-14 months while it regulates.
It whould only raise the value of the money and make everyone have less of it, such as if I had one million$ before I whould only hav 500,000$ now but it whould be the same worth as a million.
It would not just even everything out. If you cut the price of everything in half, eventually the dollar will be worth the same amount due to wages being cut in half, but you aren't considering the immediate effects. To make things less confusing, I will refer to C dollars (current dollars) and S dollars (money after the price slash). Right after the prices are slashed, the S dollar will be worth two C dollars (because now one dollar can buy two cheeseburgers instead of one). Now, think about what this means. Before the prices stabilize again, and before wages get cut in half, everyone in america just doubled their savings. If you had 1000 C dollars in the bank, now you have $2000 (in terms of C dollars). Therefore, all the intelligent people in America will buy all the gold they can right after the price slash (because now gold is half off), and just store it until prices creep back up again. I'm just using gold as an example, the same will be true for every non perishable good. Of course, this will jack up the price of gold (supply and demand). Which is good news for the people who acted fast. If they bought the gold quickly enough, they can just turn right around and sell it for a massive profit. Now, think about all of the loans out there. These loans are being charged an interest rate that is proportional to the amount current inflation. What do you think will happen if there is massive deflation? If I loaned bob 100 C dollars last year with ten percent inflation per year, then this year he would owe 110 C dollars. But now he has to pay me with 110 S dollars. This is the same thing as 220 C dollars. Essentially, everyone who has loans will just get screwed over and have their debts doubled.
