How come the Gov can't print more money to pay there debts? Instead they try to fix it on there own?
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17 Answers to "How come the Gov can't print more money to pay there debts? Instead they try to fix it on there own?"
Posted by reubles Oct 10th, 2012 at 9:18PM
printing more money takes away the value of the dollar.
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Posted by maddmatter70 Oct 10th, 2012 at 9:18PM
the more of something there is the less its worth
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Posted by BamPow Oct 10th, 2012 at 9:18PM
They HAVE printed more money.
Like (4)
Posted by Varielvariel Oct 10th, 2012 at 9:20PM
Because if they'd actually print more money , it would make their currency rate plummet as there are more notes circulating around in the world now than it used to be before , that's why all countries try to avoid that.
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Posted by MissShine Oct 10th, 2012 at 9:20PM
They already have... and soon dollar will depreciate coz of that
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Posted by LoneAlpha Oct 10th, 2012 at 9:42PM
Actually they are its called Quantitative Easing and the Fed is on its 4th round.
Keep in mind everytime this happens your dollar is worth less and less.
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Posted by DozerDan Oct 10th, 2012 at 9:41PM
"Money" is nothing more or less than a promise to pay. Pay what you might ask. To pay "money" of course. It works as long as someone will give you something for the promise to pay later. You can also "print" or write "money" just as the government can. Get a "check" book and write some out. Give it to a local store and buy something. Its "money" same as the government prints. It all collapses when people no longer trust the person/government that promised to pay later. The government can keep doing it until then. So can you.
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Posted by AlDemone Oct 10th, 2012 at 9:33PM
Money's worth has to be based on something. It used to be gold. But Nixon fixed that. He sold/gave away all the gold in Fort Knox to his friends and US printed money derived it's worth from that moment forward on the faith of the US government. How's that been working?
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Posted by wuliheron Oct 10th, 2012 at 9:31PM
They already print as much money as it's profitable to print. They could tell the banks and everyone else to go screw themselves, but there's just no profit in it because those are the countries everyone else is screwing out of every last dime they can.
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Posted by UFOsR4real Oct 10th, 2012 at 9:28PM
The government (that's "We, the People") has every right to print its own currency instead of buying it from the Fed, only the last President who actually tried it was shot in the head . . .
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Posted by whoflungpoo Oct 10th, 2012 at 9:27PM
actually printing more money makes it waaaay worse cause each dollar is worth much less, so it 's like having a hundres one dollar bills in ya wallet vs one 100.
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Posted by Slantload Oct 10th, 2012 at 9:26PM
If the government printed enough money, to equal what is already in circulation, each dollar would be worth only half as much, as it was before this event. This is called inflation. The result would be bankruptcy.
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Posted by REALSOUL4 Oct 10th, 2012 at 9:22PM
The government has a limit on the money they can print,just because they are the government they have rules to follow too.
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Reply by Slantload Oct 10th, 2012 at 9:35PM
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Reply by REALSOUL4 Oct 10th, 2012 at 9:55PM
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Posted by msalexh Oct 10th, 2012 at 9:21PM
Because the world bank won't allow it.
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Posted by spooky8 Oct 10th, 2012 at 9:20PM
Yeah, that will solve the problem
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Posted by Taniya4429 Oct 10th, 2012 at 9:19PM
I always think about that question
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Posted by CARTWRIGHTlovesCELINEDION Oct 10th, 2012 at 9:18PM
HAHAHHAHAHAH youre funny.
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