Printing More Money: See What Happened In Somalia

28

It is always very difficult trying to enlighten people on why printing more money to augment financial deficit I not a good option. Some, especially those who don't understand the principles of economics wonder why money should not be printing if the government needs it so badly. The resort to printing makes money lose its value, making it look more like any other paper which culminates into high depth of poverty, unemployment, hunger and penury, and eventually results in economic depression. It has crumbed so many economies and Somalia is a popular case. The attached photos gives an illustration of what happened to Somalia.

NB: Stories are shared by community members. The article does NOT represent the official view of NaijaWorld and the author is SOLELY RESPONSIBLE for this article
Comments

About Us
Join the discussion. Share and discuss posts with other naijaworlders.
Related Stories
thumbnail
APC: PDP Playing Politics With Insecurity
thumbnail
Buhari: Mbaka’s Dabble Into Politics Violates His Oath – Bishop Kaigama
thumbnail
Politics, Governance And Economy: How Do These Affect IGR Of States?
thumbnail
Alhassan: Nigeria Has Lost Most Courageous Women In Politics -Gombe Gov
thumbnail
Buhari Condemns Killing Of Kidnapped Greenfield University's Students
thumbnail
Buhari Denounces The Killing Of Kaduna Students, Says It's Barbaric
thumbnail
Meet The Most Interesting Character In Nigeria , He’s Also A Billionaire
thumbnail
Reno Omokri Drags Father Mbaka, Writes An Open Letter To Pope Francis
thumbnail
I Was Shot Because I Killed Too Many Boko Haram Terrorists
thumbnail
Tony Elumelu Speaks On Buying Manchester United
Related Stories
thumbnail
APC: PDP Playing Politics With Insecurity
thumbnail
Buhari: Mbaka’s Dabble Into Politics Violates His Oath – Bishop Kaigama
thumbnail
Politics, Governance And Economy: How Do These Affect IGR Of States?
thumbnail
Alhassan: Nigeria Has Lost Most Courageous Women In Politics -Gombe Gov
thumbnail
Buhari Condemns Killing Of Kidnapped Greenfield University's Students
thumbnail
Buhari Denounces The Killing Of Kaduna Students, Says It's Barbaric
thumbnail
Meet The Most Interesting Character In Nigeria , He’s Also A Billionaire
thumbnail
Reno Omokri Drags Father Mbaka, Writes An Open Letter To Pope Francis
thumbnail
I Was Shot Because I Killed Too Many Boko Haram Terrorists
thumbnail
Tony Elumelu Speaks On Buying Manchester United