Why Printing More Money Won’t Save the Global Economy

Why Printing More Money Won’t Save the Global Economy

19. 10. 2020
The COVID-19 pandemic caused serious problems in the global economy and made all the financial world tense up and start building a new economic strategy for the future. However, either printing more money or going back to the previous economic tricks won’t help us to come out of the current crisis. We live in times of changes, and whether we like it or not, the capitalistic model has become obsolete and needs to be replaced. Today, there is a confident need for establishing a universal basic income to provide all people with their basic needs and start building a society where everyone cares for everyone and people compete only about who does more good to others.