Why do people think the US printing more money is a bad thing?
The more the US prints money to pay down debt, the lower the USD value is. The lower the USD value, the lower the cost of US goods on the international market. The lower the US goods are on the international market, the lower the US trade deficit. If the US trade deficit is lowered, it means more people are buying US goods which means more jobs in America. More jobs, means more money in the system and everyone wins. So what is the big problem with that?
Asked By: - 6/14/2011
Best Answer - Chosen by Asker
'Inflation is an increase in the quantity of money without a corresponding increase in the demand for money... More
Answered By: Sean - 6/14/2011
Additional Answers (8)
Printing money = inflation. Inflation = higher cost of living. Too much inflation = economy collapse. If you studied economics you would know only when a country is really desperate and interest rate is 0%, they will start printing money as a last measure.
Answered By: Prada Returns - 6/14/2011
Money cannot function without the backing of unconsumed goods. To paraphrase below. Simple logic, printed money has no tacit backing
Answered By: Our Future - 6/14/2011
Wow. You are probably the most colossal idiot I've seen here all week long. That's quite a feat.
Answered By: Some Beach - 6/14/2011
it IS one possibility... More
Answered By: Richard B - 6/14/2011
Hey, that's what Obama thought as well - and look at how bad the economy is now.
Answered By: George Smith - 6/14/2011
Look at Germany after World War 1--they printed so much money that a BILLION marks was barely enough to buy a loaf of bread. That lousy economic policy led to the rise of: Adolph Hitler. Do we honestly need a repeat of that example ?
Answered By: Mike - 6/14/2011
That is EXACTLY the point azzclown......The more worthless he makes the dollar, the least amount of he seems to be indebted to payback. It doesn't change the fact the amount we are in the hole, he is only manipulating the currency to show a lesser value of the debt. This is to only bolster his bid for re-election... More
Answered By: onegrtchf - 6/14/2011
Because Korea has been caught in a state sponsored Counterfeit operation printing US Currency.When jambed on it? BuBushca protected our economic base by Tarping a whole a lot. Obama's stimuli ? Will maybe it covers for All the African/ World Aids Patience's that migrated with the aid of Doctors with out borders... More
Answered By: Robert T - 6/15/2011
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