page3685
 |
Nice one. More money printed at the mint = lesser value of the face value. Look at early 20th century Germany. Had problems so just made more money. |
|
dave w
|
some governments have tried this - simple answer, it devalues money, leading to massive inflation, making the economy uncompetitive, leading to job losses, house repossessions, spiralling interest rates AND greater debt.
Bad idea. |
|
robert w
 |
thanks for the giggles .
make more money just devalues the money u have. |
|
The Ghost
 |
you need to balance any money made with the gold reserves held otherwise it valueless. |
|
daljack -a girl
 |
Paper money is worthless....it has to be backed up....and this administration has drained us with the war expenses.
It's like you saying you have money.....just because you have checks. |
|
bill & little billy sideweakster
|
i will make some now and pay my mortgage off, mint idea that, nice one. |
|
William M
|
Because making money lowers the value of the currency relative to other currencies. We could wipe out all of the US' debt by printing $4 1/2 trillion (or whatever we are up to) but the money in your pocket would be worthless. This would plunge the entire country into turmoil and a loaf of bread would possibly cost $100. |
|
larkin
|
That leads to inflation which leads to more printing and more inflation etc.
You don't create wealth by printing paper money. |
|
justin c
|
US dollars are not backed up by anything. It is called fiat currency. Look it up. Printing fiat money is inflation. Prices go up every year because of the money we print. The more money you print, the less that money is then worth. |
|
yaguru
|
we can. the only problem with that approach is that by printing more money, more is available and therefore the value of the existing money declines, leading to SKYROCKETING
inflation. Imagine having to carry like a million dollars to the store to buy groceries.
This is not overly farfetched if you look at some instances of historical inflation around the world. |
|
minootoo
|
We do just that.
That is know as inflation.
That is how at the end of the WWII it took a barrel of money to buy a loaf of bread (German Marks).
Even to day exchange rate between certain countries is in
1:1,000,000s
Dollar to Rupee was $1:Rs 2.5 now it is $1: Rs 40.0 or so.
Before WWII most countries were on the "Gold standard" (please read up on this method of evaluating various currency against the others). But most of the countries are on the bases of supply and demand but Gold standard has not disappeared all together. At best we are on dual standard. |
|
jcontrols
|
There's nothing backing up our money NOW! We're in debt because we spend more than we make! Stop That! ;-)= |
|
Nine
|
Because money is a way of representing value - you swap the value of the job you do for money and pass that value on when you spend it. If there was more money, it would have less value. |
|
shalveen sharma
 |
I saw on a documentary that the U.S. makes millions of dollars a week. They probably just keep it for themselves or ship it to another location. |
|
johnski415
|
Because it would lower the value of the dollar,. A balance must be kept. |
|
Diggity
 |
You can't just print up money. It puts less value on it. Remember, the more of something there is, the less valuable it is. |
|
julie
|
money represents value for everything |
|
cknoce
|
When you print more money, it actually lowers the value of the money that is already out there. In other words, your current dollar may become worth only 70 or 75 cents.
South American countries have tried this just to have their economies tumble. |
|
myacumen.com
 |
You can't create wealth by simply printing money, if you do that then money will have no value. |
|
Blunt,to the point &comic satire
|
That is called inflation.
simply put it works like this...in the old days gold was what the dollar was measured against set at 35 dollars an ounce. So for every 35 dollars there was 1 ounce of gold.
What you are proposing is make more paper money(with the same gold reserves). If you double the paper, the cost in paper for the same one ounce of gold is now $70.
If your wages had remained the same during this time(lets say you made $10. an hour)(no one made that kind of money in those days... I am just using 10 for easy of multiplication). Now, instead of taking 3.5 hours to earn that 1 ounce of gold, it takes you 7 hours to get the same single ounce.
We are talking for you and your currency. The value of the gold remains constant....your paper money is just not worth as much. And the price of consumer goods rises with the devaluation of the dollar. So that means a loaf of bread will double in cost. So will gas, furniture, clothing...and all goods produced outside the country.
and that was just doubling it. What if 10x's the amount of paper money was out there overnight?
Your wages will not have increased 10x's overnight - that is a surety.
Wages always fall behind.
Debt to other countries.....well they know your money has been devalued so you need to pay more because it is worth less. So there is no advantage.
Hopefully I made it clear enough for You to get the general idea. |
|
itsjustme
|
Only a child would think of this as a solution to indebtedness |
|
googie
|
Does this deserve an answer? Would more money get you out of debt? |
|
suzie2101
|
I think everything should be done by card. No money whatsoever bill everything to a card and be done with it. Like in futuristic films (dont even know if i spelt that right) but never mind money is what makes the world go round I just wish the world would come to a stop |
|
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
