Search results
Results from the WOW.Com Content Network
A minimum wage law can only achieve good in proportion to its modest aims, and the more ambitious the law is, the more likely its harmful effects will exceed its good effects. [3] Hazlitt points out that a wage is a price, and raising the minimum wage above the market value will result in increased unemployment.
The banking authorities, whether central or not, "monetize" the deficit, printing money to pay for the government's efforts to survive. The hyperinflation under the Chinese Nationalists from 1939 to 1945 is a classic example of a government printing money to pay civil war costs. By the end, currency was flown in over the Himalayas, and then old ...
Money printing may refer to: Money creation to increase the money supply; Debt monetization, financing the government by borrowing from the central bank, in effect creating new money; Security printing as applied to banknotes ("paper money") Quantitative easing, a type of monetary policy meant to lower interest rates
In Germany between the two world wars, inflation rose to such a point in the early '20s that a loaf of bread cost a million or more marks. Cities and townships printed their own money in a ...
For premium support please call: 800-290-4726 more ways to reach us
A budget deficit occurs when the government spends more than the revenue it collects. Currently, the US government is running a $1.5 trillion budget deficit, according to Treasury Department data.
Computers could not handle the amount of zeros such that other forms of money had to be used to act as normal money (bearer's cheques). Banks had to input a lesser amount on the deposit or withdrawal slip then would put a covering statement, such as "multiply by 1 000 000 or add 10 zeros to your amount to get the real value". The same was true ...
During this time, Walter Boyd published a paper arguing that irresponsible printing of paper money by the Bank of England was causing many of England's financial woes. While Thornton agreed in part, he considered Boyd's analysis simplistic and exaggerated, and his book became a more evenhanded answer to its attacks.