Printing More Money: See What Happened In Somalia

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.

Use The App To Win N1m

Related Stories

Peter Obi Twitter Followers Surge To 4.5m In 24 Hours Despite Media Attacks

4 h

David Umahi Likely To Be The Best Minister Of Works That Nigeria Has Ever Had

7 h

Tinubu Intends To Arrest Peter Obi – Charly Boy Claims

9 h

Appoint Commissioner For Youth, Ogun Assembly Tells Abiodun

7 h

Britain Waged War On Igbos To Stop Them From Selling Each Other

14 h

Football Match Between Wizkid Fc And Davido Fc

13 h

We Won’t Blame Buhari For Our Failures – VP Shettima

7 h

African Countries Use Exorbitant Charges To Frustrate Air Peace — Onyema

11 h

Court Awards N10m Damages Against EFCC For 'Unlawful' Publication Against Christ

16 h

Former Katsina Governor, Shema Dump PDP, Joins APC

10 h

Groups Rally In Kaduna, Call On President Tinubu To Act Swiftly In Yahaya Bello

17 h

Charly Boy Area Fada Reveal Secrets Of Reno Omokri . Table Scatter

19 h

Why We Can't Blame Buhari For Current Economic Hardship

10 h

Police Storm Home Of Ex-MFM Church Member Remanded In Prison, To Arrest Wife

11 h

Why Is LP Ondo Governorship Candidate Ayodele Festus Olorunfemi Not Trending

18 h

Clark Slams Yahaya Bello: Accuses His Government Of Corruption And Bloodshed

10 h

Senator Magnus Abe Aligns With Wike

19 h

US Congress Passed Bill That Will Censor The Bible As Antisemitic

19 h

Paul Tao: Celebrating The Great Maestro At 70!

4 h

Gender Based Violence: Fct Sets Up Mobile Courts

2 h