Comments on: How will we have money to support millions of more people in the future? http://www.moneyanecdotes.com/economics/how-will-we-have-money-to-support-millions-of-more-people-in-the-future/ Money Anecdotes Finance Blog Sat, 18 Apr 2009 09:40:03 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: meg http://www.moneyanecdotes.com/economics/how-will-we-have-money-to-support-millions-of-more-people-in-the-future/comment-page-1/#comment-105 meg Sun, 14 Sep 2008 23:54:36 +0000 http://www.moneyanecdotes.com/economics/how-will-we-have-money-to-support-millions-of-more-people-in-the-future/#comment-105 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. 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.

]]> By: Da_Gibb http://www.moneyanecdotes.com/economics/how-will-we-have-money-to-support-millions-of-more-people-in-the-future/comment-page-1/#comment-104 Da_Gibb Fri, 12 Sep 2008 07:41:49 +0000 http://www.moneyanecdotes.com/economics/how-will-we-have-money-to-support-millions-of-more-people-in-the-future/#comment-104 In the US, money is only worth what we say it is now. It used to be based on gold and/or silver (they kept changing it). Now they just print more. But that is just for cash. With electronic banking, most of my savings have never actually been physical (check or otherwise) since we paid the IRS taxes. And as for distribution of wealth, if it gets too lopsided, we have a revolution. In the US, money is only worth what we say it is now. It used to be based on gold and/or silver (they kept changing it). Now they just print more. But that is just for cash. With electronic banking, most of my savings have never actually been physical (check or otherwise) since we paid the IRS taxes.

And as for distribution of wealth, if it gets too lopsided, we have a revolution.

]]> By: patois http://www.moneyanecdotes.com/economics/how-will-we-have-money-to-support-millions-of-more-people-in-the-future/comment-page-1/#comment-103 patois Wed, 10 Sep 2008 22:59:23 +0000 http://www.moneyanecdotes.com/economics/how-will-we-have-money-to-support-millions-of-more-people-in-the-future/#comment-103 Humans must get smarter, that's all. We have survived this long by getting smarter when needed. That's what we humans do. And, the forecasted "divide" among people is not going to be between rich and poor, but between those who make the effort to get educated and those who do not, especially those who cling to old ways that mean nothing in the current reality. It always works out that way. Stupid people die. Stupid cultures die. We either get smarter and adpat to our current reality or we don't make it. What do you want to bet there's going to be enough smart people, though, who make it through just fine? Humans must get smarter, that’s all. We have survived this long by getting smarter when needed. That’s what we humans do. And, the forecasted “divide” among people is not going to be between rich and poor, but between those who make the effort to get educated and those who do not, especially those who cling to old ways that mean nothing in the current reality. It always works out that way. Stupid people die. Stupid cultures die. We either get smarter and adpat to our current reality or we don’t make it. What do you want to bet there’s going to be enough smart people, though, who make it through just fine?

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