Theres a Credit Crunch on and ppl are going banktrupt so why won the government print more money?
I am only 12 and I dont understand why the government wont print more money if ppl are going banktrupt and loosing their houses. And another question:Who thinks this countrie(England)are going to get poorer.
Asked By: randomgal - 1/5/2009
Best Answer - Chosen by Asker
They call printing more money "Quantitative Easing". And they are doing it. But they have to be very careful how much they do as doing even a littler bit too much causes inflation. You did not live through the high inflation period of the 1970s to know the damage it caused to the economy... More
Answered By: chuckles951 - 1/5/2009
Additional Answers (1)
the more money they print the less its worth because countries have a fixed amount of backing for money
Answered By: chet - 1/5/2009
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