adriaz11
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Actually, when they do, the value of money goes down. |
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momma2z
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That is exactly my thought! And who decides what the cost of oil,steel and resources are!? |
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nina
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because that would create INFLATION |
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Sev
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I'm pretty sure it's because money is faith backed, so as long as we believe there's more money, then it keeps value. |
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krazykyngekorny
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Due to the socialistic nature of all of the present governments, they simply declare that it is for the good of the country. Actually, our money is currently backed to less than 10ΒΆ- that is, each dollar you have is worth less than a dime. |
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superdansilverman
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It's called fiat currency. The little pieces of paper in your wallet are worth a dollar because the government says it is; whereas before there was the gold standard, in which the government issued only as many bills as gold it had in fort knox.
they can because they say they can, people just do what the gov says, so if they print more money, we comply. we just use it. |
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Steve qa
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First of all they have not yet, and the money so far has been borrowed the way gave Europe money after World War II that can't be collected.
We have record low inflation, and this could lead to deflation which is worse. When you print money there are two factors you ask!
1. What is the inflation rate.
2. How much of our private liquid assets are not moving.
You see our economy is like a mall parking lot, and as long as there are enough spaces you can shop. If money is not being spent, and the inflation rate is low you can create a figure money to print that has no impact on the value of money. This will likely justify new banking regulations for inactivity, and require movement of non retirement accounts placing hoarded money in escrow. This makes the rich have to spend now or spend never, and is what caused the end of the great depression by forcing people to spend their gold coins.
Yes the government can print more money, and with the current conditions it will not be worth less. |
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Luuk
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It's true -- the Federal Reserve clears its own checks. And what everyone else said about the value of the dollar going down when they do is true, after you've accounted for lost or destroyed currency that has gone out of circulation. |
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understanding12
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It cost money to make money, so therefore the value of the money will decrease. It's called inflation. |
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xcaptainxjackxsparrow
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im thinking you mean can't?
if so, its because it takes the value down. the more there is, the less its worth. |
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Larry The Don Β®
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If they do the value of the dollar will drop even farther, When you simply print money, then it is no longer looked at as worth anything. |
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Jackie F
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inflation |
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Daniel J
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Because the more money the government prints the lower the US dollar value gets! |
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Bubuh
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Actually they're doing that now. They are printing money and selling US bonds to foreign investors. |
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Zach B
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Caaaaaauuuuusssssseeeeee the government can't back it up. |
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dragynwinds
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Well technically the dollar is worthless anyway, since we no longer back it on the value of gold or anything. So,yea they can do it, but supposedly the dollar value on a worthless piece of fabric goes down. Believe what ya want! I think they spit out dollars left and right anyway, but I can't prove it. |
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James M
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because the money wont really exist and the value will go down |
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