[floppydisk]

The grandparent noted that while we can increase the amount of currency in people's pockets, that doesn't fundamentally change the number of goods and services available to the total population. If you define poverty as lack of money, then yes, we can fiat more than enough money into existence. However, if you define poverty as lack of access to goods and services, increasing the amount of money available won't work. Look at Germany in the wake of World War I. Money was flowing everywhere, but the amount of good and services available was minuscule in comparison causing rampant inflation to the point where it was more cost effective to burn the paper currency for heat rather than spend it.

[juliangregorian]

Let's break things down nice and simple. As you said, everyone needs a roof over their head and food in their belly. Well, there's plenty of that to go round. We don't need to fiat more money or otherwise increase the money supply, because as you astutely observed, that would potentially lead to a post-war Germany-type situation. If, however, the world's poorest were gifted adequate funds from the world's richest, they would be able to afford the biological necessities.