Scarcity of money

[AmoreJaz]

There is no scarcity of money in much places well except for Nigeria which was caused by poor decision from the body/organization in charge of the nations finances.

Apart from Nigeria I don’t think there is scarcity of money everywhere there is just scarcity on the means to earn money. That’s why the masses are finding it very difficult now around the world.

that is correct, hard to earn money these days. so if you are just a common man, don't be choosy with the jobs. so long you can earn to survive, grab it. and aside from work, you can always look for alternative options to save and earn money. even if you are not a farmer, but you have a small land, why not tend it? just an example to survive.

[Fivestar4everMVP]

I hope we are save! The common masses are going through a lot in the street, is this kind of inflation era.
Why is money not in circulation please?

I tell you for sure that there is more than enough money in the system to sustain businesses as well as the common man, but the major problem is that, we are being ruled by heartless and devilish people, who have no care for what the common man is going through in the street, this people are head bent on making the common man on the street suffer, in order for him to achieve his selfish aim.
Just imagine in Nigeria currently, we use money to buy money, where in the world has such a thing been heard of? this is simply man's inhumanity to man, i just hope that one day, people responsible for all this atrocities will pay dearly for all their sins.

[Hydrogen]

Our current state of affairs, is a sad story.

It all comes down to us wanting to be confident in our choices and views, without knowing what the facts are.

Making uninformed choices based on inaccurate concepts and ideas. Leads to a negative status quo.

We need accurate knowledge and information to support the correct people and correct things.

We have forgotten this. Which is why things are the way they are.

[Yatsan]

I think OP misintrepreted what scarcity is.
There is no scarcity with fiat money simply because the only ones which suffers from such instance are those whoch has demand from the market or things being bought; fiat money is not and is just only a tool in every transaction. Scarcity is simply a state wherein the stock of a particular thing is being in short, in particular with the supply.

There is no scarcity of money in much places well except for Nigeria which was caused by poor decision from the body/organization in charge of the nations finances.

Apart from Nigeria I don’t think there is scarcity of money everywhere there is just scarcity on the means to earn money. That’s why the masses are finding it very difficult now around the world.

A different case I guess. Nigeria is suffering from inflation of market goods. The prices are becoming expensive but not because of the quantity of their money but its value which falls in a long run. This country is subject for hyperinflation, meaning, the worth of their currency is continuously falling as they print more.

[dothebeats]

There isn't a scarcity of money. There is, however, a scarcity in ways to make it - especially those within the poverty line. Lots and lots of money are being created for the rich every single day, but it isn't the same for those who are in poverty. Redistribution of wealth is a great idea, although idk how would we go doing it especially if a lot of wealthy people don't want to cooperate. They want to be richer and richer without any regard for those below them, and they're doing this by providing jobs with low pay to make money for them.

[serjent05]

I hope we are save! The common masses are going through a lot in the street, is this kind of inflation era.
Why is money not in circulation please?

I tell you for sure that there is more than enough money in the system to sustain businesses as well as the common man, but the major problem is that, we are being ruled by heartless and devilish people, who have no care for what the common man is going through in the street, this people are head bent on making the common man on the street suffer, in order for him to achieve his selfish aim.

Just imagine in Nigeria currently, we use money to buy money, where in the world has such a thing been heard of? this is simply man's inhumanity to man, i just hope that one day, people responsible for all this atrocities will pay dearly for all their sins.

It is a normal thing to buy money with money especially when you are trading in foreign exchange.  But to buy money with the same money is the first time I heard of.  It is really a funny situation and at the same time irritating to think they need to undergo such things while those who are in the authority are spending this money lavishly.  If therei s a problem on finance sector, the government must do everything it can to fix it without their constituents suffering, instead, these people give the burden to their citizens.

I do hope that the situation in Nigeria will get better soon.  Oust out those incompetent leaders.  They are the reason why the people of a country are suffering.

[coupable]

There is no scarcity of money in much places well except for Nigeria which was caused by poor decision from the body/organization in charge of the nations finances.

Apart from Nigeria I don’t think there is scarcity of money everywhere there is just scarcity on the means to earn money. That’s why the masses are finding it very difficult now around the world.

that is correct, hard to earn money these days. so if you are just a common man, don't be choosy with the jobs. so long you can earn to survive, grab it. and aside from work, you can always look for alternative options to save and earn money. even if you are not a farmer, but you have a small land, why not tend it? just an example to survive.

It has always been difficult to get money since it requires efforts whether medical or physical or both.  Global economic conditions affect the standard of living and thus the ways of obtaining money.  Therefore, all methods are legitimate if we cancel the morals and all the values ​​that society has established for exchange and civilized communication.

[STT]

There's no scarcity in fiat money because they can print how much they want.

What is shocking to say and totally unexpected by myself is there is across the world especially outside the circle of western business and commerce exchange a great shortage of Dollars.   No dollars means some countries cannot import goods and commodities to perform business and earn money.    Why is there a strange lack of dollars in some countries is probably part of explaining why eventually this system will fail and is unfair to participants in bias to centralism and ultimately to the issuer of dollars in that its self serving bias.

[retreat]

You need to learn about what scarcity of money is, because this is related to the economy and inflation. The government needs to regulate the scarcity of money in their economy, because with more and more money circulating in the market it will cause inflation and a decrease in the value of a currency because the central bank continues to print money without considering their backed and of course it will destroy their economy. And on the other hand, the existence of scarcity of money means that people will fight over the money that is available in the market and that will increase inflation and there the government needs to regulate the supply of their money so that there is no chaos in society. And many other things related to the scarcity of money, so this is a complex problem that cannot be explained in just a few words.

[awik p]

There is no scarcity of money in much places well except for Nigeria which was caused by poor decision from the body/organization in charge of the nations finances.

Apart from Nigeria I don’t think there is scarcity of money everywhere there is just scarcity on the means to earn money. That’s why the masses are finding it very difficult now around the world.

that is correct, hard to earn money these days. so if you are just a common man, don't be choosy with the jobs. so long you can earn to survive, grab it. and aside from work, you can always look for alternative options to save and earn money. even if you are not a farmer, but you have a small land, why not tend it? just an example to survive.

It has always been difficult to get money since it requires efforts whether medical or physical or both.  Global economic conditions affect the standard of living and thus the ways of obtaining money.  Therefore, all methods are legitimate if we cancel the morals and all the values ​​that society has established for exchange and civilized communication.

the more difficult it is to find money and the more expensive the price of necessities of life as a result of inflation. therefore we must be able to survive, namely by working hard and working smart, and being able to manage finances smartly. and of course don't just rely on income from only one line of work, so that we can make money from several sources, and that will be financially safer for our family. and one more thing, don't take debt to meet our lifestyle needs, because that will be burdensome. but a lifestyle that must adjust to income

[laurenB7742]

There is no scarcity of money in much places well except for Nigeria which was caused by poor decision from the body/organization in charge of the nations finances.

Apart from Nigeria I don’t think there is scarcity of money everywhere there is just scarcity on the means to earn money. That’s why the masses are finding it very difficult now around the world.

Means of making money are also not scarce, with the current era of technology and the internet, I find it not too difficult to find a job compared to our parents' time. But the difficulty here is that people cannot find jobs with enough income to care for their lives. Partly because many people have not tried their best, today's young people often give up easily when faced with difficulties, do not want to do hard jobs but prefer light jobs with a lot of income. Plus their lavish lifestyle while their income is barely enough to live on, there are too many problems with today's world.

[blockman]

When a country has a good economy then it means that there's sufficient money in circulation for their people. There's no actual scarcity of money for the entire world, there is even a bunch supply of money for most countries. What's scarce is the opportunities, resources, and land.
That's for sure that we've got limited for those things and that's making it hard for those people, especially in those countries that have limited opportunities as they barely survive every day. The resiliency of these people is greater than what can we think of because they've used to living like that even if it's the hardest.

And this is especially true if the rich which have a lot of fiat decide to change the form of their wealth and begin to buy real estate and other assets which are in short supply, this increases the demand for them and reduces its supply which increase their price, making even harder for the average person to acquire those assets, and with the economy being in such a bad shape I do not see this changing soon and it seems as if things are bound to get even worse.

That's what they really are doing since the age of time. They understand that if their wealth stays on fiat, it will be lessened made by inflation and that's why it's best to put it into more scarce assets like real estate properties.
They're wise and I guess we're also wise just like them by investing in bitcoin because we do get the same thoughts of having limited supply and there will be only a few of it that will be distributed globally and as of now, we're close to reaching that 21M supply but it will only be fulfilled a hundred years later which is for the few bitcoins that's remaining to be mined. Well, on this age, we have to look at those opportunities and whether we're not genius as them, we just need to understand the basics of it, scarcity and being the first to step on those opportunities are a great advantage for us.

[GeorgeJohn]

There's no scarcity in fiat money because they can print how much they want. They're just want to control the money circulation to stabilize their fiat value, if they're keep print and add to the circulation, they will suffer high inflation rate. However the government has no choice when there's a crisis they need to print new money even though inflation will occur, because the gap distribution of money between the rich and poor is really far.

Government can make money to be scarce to suffer the citizens, or to prevent corruption, I believe that when their is scarcity of money it come from government for their political obligations to come to reality, we all know that government have every right to print money at any point in time, so I believe that scarcity of money affects a country because of political plans that is ongoing to that environment, so therefore I believed its people who is power strategic way of depriving people ways of achieving their own motive in politics.

[Gozie51]

Is affecting so many countries in Africa, America and Europe, the rate of unemployment, insecurities and corruption is becoming alarming by day.

I think you are not correct to group all these indices of a failed state or country as to affecting America and Europe because they are not severely felt in the manner you likened it there. I believe you are majorly talking about Nigeria and african at large. The scarcity of money in Nigeria is a result of the government cashless policy but if that is objectively planned to grow the economy is debatable with the corrupt elections conducted and producing illegality all through the positions to the presidential. So the scarcity of fiat for now is particular about Nigeria and not America or Europe. However, printing of new currency has not been a solution because it will increase inflation rate.

[Casdinyard]

The scarcity of money in the world isn't indicative of the whole world giving the poor people an unfair disadvantage or whatnot, but is closely tied with making sure that money retains its inherent value and does not succumb to overprinting and loss of value. Think of it this way, you're craving for some hotdogs, and you don't want anything else. Your neighborhood only has a single hotdog stand, and that in itself makes that lone hotdog stand precious to you. But let's say over time the people notice that as generous as you are, you crave for hotdogs, and all of them started setting up their own hotdog business, that wouldn't make the hotdog as appealing to you now would it, seeing as everyone sells hotdogs and everywhere you go you see and smell the scent of hotdogs getting steamed, fried, or grilled.

The same goes with money. If overprinting happens, inflation ensues and the value of a single dollar depreciates, which causes it to not be as valuable as it was back then.
So countries control the amount of currency they own to ensure that it remains valuable.

[Smartvirus]

There's no scarcity in fiat money because they can print how much they want.

Can they really print as much as they want? Then you'll wonder why the federal government of the nation have to borrow money from the World bank and international organisations.
They don't just print money as they like but, have a monetary policy to regulate on how paper money and coins are been printed or mint respectively and put into circulation to balance up productivity and the economy.

Saying that money isn't scared is because you ain't in my nation at the time and I can understand your speaking out of perspective but it's cool. Though, it's a hard time for people in Nigeria following the rebranding of naira notes.

[Iroh]

Why is there so much scarcity of money in different nations of the world, is there any crisis affecting UN's economy? People hardly meet up this days, the government has failed us, the banks are not working, companies and industries has reduced quality of products.

Is affecting so many countries in Africa, America and Europe, the rate of unemployment, insecurities and corruption is becoming alarming by day.

I hope we are save! The common masses are going through a lot in the street, is this kind of inflation era.
Why is money not in circulation please?

I’m a bit confused here. I would assume that by UN, you meant the United Nations. Does the United Nations have/run a working economy that I don’t know about?
Your topic head screams about the scarcity of money. I would remind you that one of the characteristics of money(if not the most important quality) is scarcity.

If money isn’t scarce, it would reduce or/and lose its value and that’s why the government of any country makes policies that keeps the amount of money In circulation in check.
Would you perhaps want a scenario that while there is a whole lot of cash in circulation, you have a lot of it in your pockets but the purchasing power is next to zero.
And I think we’re quite safe. The “common masses“ could also use more of the debit and credit cards at their disposal and less of cash for transactions and payments. I think it’s also safer not moving about with sums of money in your pocket.

[Fortify]

Why is there so much scarcity of money in different nations of the world, is there any crisis affecting UN's economy? People hardly meet up this days, the government has failed us, the banks are not working, companies and industries has reduced quality of products.

Is affecting so many countries in Africa, America and Europe, the rate of unemployment, insecurities and corruption is becoming alarming by day.

I hope we are save! The common masses are going through a lot in the street, is this kind of inflation era.
Why is money not in circulation please?

What do you mean "UN's economy"? Such a thing does not exist and you have to question whether you have any logic in your post at all. The United Nations is simply a forum where countries gather to share policy ideas and try to resolve disputes. It can also send out peacekeepers and do various other jobs with the support of it's members. What I find with posts like this, full of doom and gloom, is that the writers are at the very bottom of the job market and think that their misfortune applies to everyone. There is lots of money out there, but you have to know where to look, get creative with your ideas and resourceful with all the information that you can gather from the internet.

[Uruhara]

The high inflation that is happening today was originally due to too much money being printed when the pandemic came. and the banks then raised interest rates to attract people to save their money in the bank and get more interest so that the circulation of money could be reduced to reduce the rate of inflation. What makes money look scarce for some people, especially those from the lower classes, is because of the different income levels between the lower middle class and the upper class. because actually the scarcity of money never happened. and quite the opposite.

[jrrsparkles]

The abundance of money is the real problem not the scarcity but it's under the hands of top 1% or 10% of a nation so the remaining people are struggling to meet even their daily requirements for survival along with the increase of inflation the situation is getting worse.

Well, this isn't happening recently it's always have been there since when we started using money that is why equality among the people with their financial status can never be achieved.