Why Can't We Just Print More Money?
By ArienKing
@ArienKing (4647)
India
December 6, 2006 10:02am CST
You can bet your bottom dollar there's one thing we never seem to have enough of: MONEY. from the strains on our own family budgets to the soaring national debt, we are clearly not made of money. but there is a lot of it out there.
Basically the money is worth what the government says it is worth. "the intrinsic value of this isn't much ... but because you're willing to trade this or accept this for goods and services, that's what makes it valuable," so how come we don't just print more to pay off our debts or to fund the NGOS,
4 responses
@michaelvanx (568)
• Malaysia
7 Dec 06
HMM.. i can borrow you my Epson Printer!
make sure you buy me back new ink cartridges ^^
@JackTerre (38)
• United States
6 Dec 06
I'm not exactly sure how the U.S. treasury works, but I think that for the amount of money they print they have to have equal value to it in gold or some other valuable material, otherwise the dollar would be worthless. If we print too much money, inflation occurs, things become overpriced, and no one can afford to by anything.
@Devinarun (387)
• United States
7 Dec 06
Well we cant print money because no one is ready to accept it...except us.
