Questions tagged [money]
Questions related to the political aspect of money. Also consider the tag [currency].
62
questions
27
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7answers
5k views
Has any government throughout history banned foreign currencies?
Has any government throughout history banned foreign currencies? It happened in Zimbabwe in 2019 for example. How about other countries?
I'm also interested in broader answers, like governments ...
64
votes
3answers
6k views
Why do US police treat using counterfeit money as an emergency?
One thing that surprises me about the George Floyd incident is that the police would treat the passing of a counterfeit $20 in a corner shop as some kind of an emergency.
If someone called the ...
2
votes
0answers
49 views
What are the implications of the Bank of England directly financing government spending?
HM Treasury has announced this morning (April 9th) that the UK has temporarily extended the Ways and Means facility (the government's overdraft with the BoE) in order to fund the fight against the ...
8
votes
3answers
2k views
Can the European Central Bank “print money” to partially mitigate the economical effects of the coronavirus infection spreading?
SARS-CoV-2 infection managed to bring a significant part of the economy to a halt and it is expected for lots of companies to have cash flows problems (e.g. impossible to pay the suppliers). I have ...
12
votes
1answer
780 views
What are the details of the Federal Reserve's $1.5 trillion injection?
According to the Wall Street Journal, in order to attempt to slow the economic contraction caused by the Covid-19 virus, the Federal Reserve has promised to inject $1.5 trillion into the economy, by
...
6
votes
3answers
378 views
Benefit of a national cryptocurrency
I have read about the Marshall Islands partnering with the company Algorand to produce their own cryptocurrency that will act as the nation's official currency. Is there any special benefit from ...
1
vote
1answer
125 views
How does the Barnett Formula work?
I've often heard the Barnett Formula come up in debates regarding the topic of Scottish independence, and I know it relates in some way to the mechanism used to determine the amount of money allocated ...
27
votes
2answers
6k views
Why are Amex fees allowed in the European Union?
As I was reading this answer on Travel SE, and more specifically this part:
In one hotel in London I had to pay 3% extra for using Amex instead of Visa/MC.
I started reading some more about this ...
22
votes
4answers
4k views
How does the credit rating of a country affect its populace?
I am coming from a UK perspective; we lost our AAA credit rating in 2013, and dropped again in 2017 after the referendum on European Union membership. It was reported last week that we are set to be ...
2
votes
3answers
185 views
What happens to money paid in fines?
Recently, Facebook agreed to settle a data privacy issue by paying 5 billion dollars in the United States, in an action brought by the FTC. What does the government do with all that money?
2
votes
4answers
520 views
What prevents other nations from participating in and condoning the counterfeiting of the United States dollar?
I don't understand why people in 3rd world countries don't try to counterfeit the US dollar. If you're in Zimbabwe or Syria the government presumably isn't going to stop you and it just needs to be ...
9
votes
2answers
243 views
What are the possible consequences of being labelled as a currency manipulator?
What are the possible direct consequences of being labelled as a currency manipulator? Yesterday, the U.S. labelled China as a currency manipulator.
Tariffs no longer being able to be used against ...
5
votes
1answer
206 views
Who limits the euro issued in each eurozone country?
In my understanding each member of eurozone prints their own euro. How was it decided how much euro will be printed by each country per year?
Also, for weak eurozone countries, what is preventing ...
44
votes
10answers
22k views
Why don't countries like Japan just print more money?
Modern Monetary Theory says that a sovereign countries will never go bankrupt. It can just print more money.
Of course, printing more money would lead to inflation.
But some countries have the ...
34
votes
8answers
9k views
How do governments keep track of their issued currency?
If a government issues currency and it ends up in bank accounts abroad, what stops banks from making a 'mistake' during a transfer, accidentally duplicating the currency?
Is there some central ...
3
votes
1answer
217 views
Why some politicians not reducing corruption even after they earned for their 100 generations? [closed]
I am from South India. I am always voting to politicians with the hope of they will take care of people after they win.
Generally, politicians are earning money by involving in corruption, In some of ...
1
vote
3answers
248 views
Why do contactless payments without pin code seem to be regulated at national level rather than at bank / customer level?
I have recently checked if I am able to change my contactless without pin limit and realized that this is not an option. So I quickly checked for other countries and it seems to be set by national ...
3
votes
1answer
220 views
Can the President of the United States spend private money on official events in the White House?
Couple of days ago, Trump spent lots of money, paying from his own private money, on hosting a football team in the White House for official event.
Assuming the event was official, i.e. not made ...
asked Jan 18 '19 at 11:52
Shadow Wizard is Ear For You
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-3
votes
3answers
218 views
Why are payment processors politically inserting themselves into Internet police-dom? [closed]
It seems that you can't go for more than a couple of weeks without hearing a politically-charged story of how payment processors are meddling with their clients business. Stripe, Paypal, Mastercard, ...
10
votes
2answers
590 views
Why do Europeans pay for European products with US Dollar?
In Jean-Claude Juncker's most recent speech on the state of the European Union, there is this perplexing passage:
It is absurd that Europe pays for 80% of its energy import bill – worth 300
...
1
vote
1answer
141 views
Laws concerning the appearance of US dollars
A recent question concerning the president putting himself on the dollar got me to thinking: The US dollar at one time was printed with an appearance to celebrate aspects of education. I'm wondering ...
18
votes
1answer
6k views
Why are gambling winnings not taxed in the United Kingdom?
I recently moved to England and was somewhat surprised to learn that gambling winnings are not taxed. A Google search reveals this article from Forbes that explains that such a tax would be at most ...
6
votes
1answer
368 views
How were farmers affected by demonetization in India?
In 2016, The India government declared ₹500 and ₹1000 banknotes of the Mahatma Gandhi Series invalid. This announcement led to significant economic disruption. It is said that farmers were affected ...
-3
votes
1answer
124 views
Why would a country fight money laundering by nationals of non-allied countries?
Many Western countries have laws that forbid money laundering which apply to citizens of all countries rather than just their own nationals. Countries like UK have been recently cracking down on ...
11
votes
4answers
435 views
How much do US presidential campaigns spend per vote gained?
I'm interested in knowing just how far my donations to a presidential candidate go in terms of garnering more votes for that candidate. I can find a lot of data on how many votes each presidential ...
1
vote
1answer
290 views
Donald Trump's wealth after becoming president
What is the effect of being president on a person's net worth?
I am most interested in the current president. And any possible reasons.
19
votes
3answers
3k views
Dealing with crime in cryptocurrency based economies
Most cryptocurrencies are anonymous where the origin of coins is not known and transactions are also anonymous (this may not be 100% true but lets assume perfect anonymity). The society prevents ...
3
votes
3answers
340 views
Is UK entitled for the brexit divorce payment refund if it rejoins later?
The UK is facing the payment of around 100 billion pounds to the EU before leaving it. Would that money be returned if the UK reapplies and joins the EU later?
63
votes
13answers
11k views
How can the influence of wealthy individuals on democratic processes be reduced?
This question is inspired by the discussion about lobbyism and free speech.
There are two fundamental ideas in modern democracies that seem to contradict each other, while both being so fundamental ...
18
votes
3answers
9k views
Why do tourists have to declare $10,000 or more entering some countries?
I understand why you'd need to declare other things, but I'm not sure why money should be investigated. Why do countries have such laws in place?
2
votes
7answers
5k views
Can a country sell part of its land to pay off huge national debt?
I know that in history, countries have sold certain parts of their territories to other countries. If a country is in massive debt today, and they feel there is no way they can get out of it, and the ...
32
votes
6answers
9k views
What is currently stopping the most developed states from completely abandoning cash?
Countries such as Sweden have debit card adoption rates close to 100%. The governments of the developed world frequently talk about moving to a completely cashless society, but so far not a single ...
-2
votes
1answer
319 views
What political aspects prevent land purchases in North America moving national borders? [closed]
The border between the US and Mexico is about 1,952 miles long. The current US president, known for making real estate deals, previously wanted to build a large wall along the entire length of the ...
17
votes
1answer
240 views
Did US make any significant fiscal changes following Panama Papers disclosures?
The Panama Papers disclosure was a huge scandal, so there were many reactions. This article illustrates Barack Obama's reaction to this:
Barack Obama is launching a crackdown on international tax ...
2
votes
0answers
325 views
If the US decided to inflate its way out of their debt, what would the value of the dollar drop to? [closed]
Hypothetically, what would the value of the US dollar drop to if the US government decided it wanted to inflate its way out of their national debt all at once? Would it simply be:
M2 money supply / ...
3
votes
2answers
282 views
What are American politicians NOT allowed to do with the money they raise?
Suppose candidate X raises, through whatever legal means, a million dollars for their campaign. What, if any, ordinarily legal things does national law prevent them from spending this money on?
In ...
10
votes
5answers
2k views
Has high taxation of the rich been sustainable as an economic policy?
One of the backbone philosophies of the recent Labour party campaign was higher taxation of high earners (those earning above £80'000 per year to be precise).
Has very high taxation of high earners ...
1
vote
1answer
141 views
To what degree is foreign financial support allowed in US politics?
We often get lost in the is-ought problem.
To what degree would a presidential candidate be allowed to accept money from foreign corporations, and foreign governments?
Please include typical ...
9
votes
4answers
1k views
Barriers to a global currency
I am trying to figure out some clear points as to why there is no global currency. Not a world wide version of the EU, I am only focused on a common name/value for a single monetary unit. I know a ...
9
votes
2answers
1k views
What's the most accurate account of the current President's monetary debts?
The President owes some money. In 2016 Fortune estimated he owed $1.1 billion. Last December Mother Jones estimated he owed over $700 million, not including $2 billion in debt by real estate ...
5
votes
2answers
1k views
All time highest net worth of a Presidential cabinet in constant dollars?
Some sites claim that the proposed upcoming presidential cabinet and cabinet-level posts set a new record for its members' total personal fortunes: one estimate suggests it "could be worth as much as $...
10
votes
2answers
612 views
What sort of evidence exists that higher salaries for political offices attract better candidates?
Legislators sometimes raise their own pay while claiming that it helps them do a better job and attracts better candidates. Sometimes the pay raises are justified with seemingly scientific claims. ...
3
votes
2answers
10k views
Why do politicians make so much money? [closed]
Senators, ministers, presidents, .... all these people earn a lot of money, and not just during their work: when the president of the US leaves office, they will receive about 200.000 dollars annually ...
1
vote
2answers
6k views
How do governments stop hyperinflation?
After reading this, I wonder "How can a government stop hyperinflation?"
What can other governments do to help?
And for completeness, How do governments keep currency stability?
0
votes
1answer
256 views
Do the big donors to a losing US presidential candidate ever get their money back?
Do the big donors to a losing US presidential candidate ever get their money back? And if so, how, and in how much time?
6
votes
2answers
336 views
Modi's Demonetization move?
What is the real advantage of India's demonetization if it does not solve the problem of black money in India?
What was the logic of introducing a note of higher denomination (₹2000)?
0
votes
1answer
172 views
How might a business overthrow the U.S. government? [closed]
Is there any way that a high end fortune 500 company with the technological development of Google or Apple could successfully overthrow the U.S. government?
2
votes
0answers
108 views
Hypothetical situations: private money or absolute monopoly upon money supply
Recently I've read Fon Hayeks book "Denationalisation of Money", where he suggests to stop the central bank monopoly upon the money supply. Create competitive private currencies and let the free ...
19
votes
3answers
2k views
Why was having a common currency in the EU seen as necessary?
When it was introduced, the € (Euro) was supposed to be the common currency for the entire EU, even if it turned out many countries (such as the UK) would stay in the EU without using the € currency, ...
11
votes
5answers
1k views
Are/were there any countries where rich people have more votes?
Are/were there any countries where richer people have more active votes than poorer people? For example: someone with an income of $5,000/month would have 5x more votes than a person with an income of ...
