Saturday, February 18, 2012

Why doesn't the countries in financial crisis just print more of their own currency?

to stabilize the crumbling economy, infrastructure, deal with in house disasters, routine maintenance of essential needs.

Is there some international law prohibiting that?|||It's not the way that the FED prints the new money and hands it out for free. A bail-out money is a loan that needs to pay back. The bail-out company will get the money based on the capacity to pay back. That's why the bail-out money comes with a rehab scheme. The increase in money supply in this case will preserve the fiscal financial discipline. In God we trust will be there. The bail-out has to stop as soon as the economy picks up. It's because when consumers spend their money, the FED has to take its money back from the market. And to do all of these jobs, the President has to take it into laws.|||No there are economic laws. t would not work. Printing more money simply devalues the curreny and creates inflation so things just cost more and more all the time. The Bank of England has already printed and issued more currency but it cannot keep doing it.|||No but just commonsense. If a currency has no value which nobody wants, it becomes useless money. It just as simple as that.|||Because then money has no value.|||because then their would be inflation|||the money is worth less if you print more of it.|||Ask Obama that question.....he seems to think that works....DUH!!!
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