Stupid question: why can't the U.S just print off more money and call it ours?
I know there is a reason but I forget. not counterfeit money, but real money and just hand it over to China? What makes money useable or mean something if it's already real? and when we pay debt to China or give money to another country, what form of money do we give it in? A check, or their form of currency, or what? teach me lol too many good answers, I can't pick the best. thanks everyone
Politics - 18 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Doing that causes hyperinflation.
2 :
we can. in fact, we don't' even need to 'print' the physical money. we shouldn't though. its highly inflationary.
3 :
That causes a de-valuated dollar and run away inflation. Not that would stop Obama from doing just that.
4 :
Because when you increase the amount of money in circulation with nothing to back it, you reduce it's inherent value.
5 :
It is called Inflation. Say we have a cake as our economy and we are trying to give any tickets as money and we print out 10000000000000 tickets. Each ticket will have a small slice of the economy.
6 :
The more there is the less it's worth. Real simple. Sand isn't worth much because there is so much of it. Gold is worth a lot because there isn't much of it available. Real simple.
7 :
Using your logic...the mississippi river flooding should be a time of celebration and water sports.
8 :
They do, but can't quite get it all done that way. It's not just printing, they create it with the storke of the key board too. Everything is electronic today. http://www.time.com/time/photogallery/0,29307,1879735,00.html this is what Germany did to itself, and we are repeating it. .
9 :
The real value of the money drops and inflation sets in. Nations that have tried that ended up with million dollar bills and coffee that costs half a million dollars per cup. It would also drive the rest of the world's economies down even further. There is a reason that the EU and China are screaming for us to cut spending, it is dragging down the world economy.
10 :
That's just what they are doing. in a roundabout way.
11 :
If there is a lot of money going around the overall value of money decreases Once businesses get wind of this they will end up increasing prices which will make it harder for people to buy things.
12 :
That is exactly what obama and company are doing...google it...they are just printing millions of dollars and hoping it will not cause inflation...they are wrong...look at food prices.
13 :
You should to be on Obama's economics team. They seem to believe the same thing! Now isn't that just beautiful. I guess that is what they teach in those fancy Ivy league universities.
14 :
The more money we print the more we deface the value of our dollar which also is no longer backed up by the gold standard. So, the weaker the dollar the more import costs us (oil, etc)... it takes more money based on the value of the dollar to purchase it (in conversion to foreign currencies). This can lead to inflation and higher costs of imported good here at home. A strong dollar we are able to purchase goods cheaper abroad since the conversion rate then favors the US dollar. But this can also lead to issue as we are simply exporting our dollars abroad in lieu of spending them here at home.
15 :
it devalues the dollar even further......and your complaining now about the prices of gas , and groceries....just print another trillion dollars and then hear the cries
16 :
Because paper currency is inherently worthless. Without something backing it like stocks, bonds and tangible commodities (such as gold) the american dollar has no value. When you have more money in currency in circulation than you have tangible commodities, you have inflation.
17 :
money has no "real" value...it took place in the barter system in a form of collateral...we can create more money and that will cause inflation because any money issued by the federal reserve must be returned with an interest which never existed. in other words, more money is owed to the government than what is palpable therefore forever putting the people of the US in debt...its a real corrupt system used to enslave people. read: "modern money mechanics"
18 :
We may as well, US money is worthless anyway.
