2006-09-05 01:13:23 · 16 answers · asked by fletch4144 1 in Business & Finance ➔ Other - Business & Finance
Yea, it doesn't work this way. I thought of this ages ago as well, but basically it just makes a complete mess of the economy as that money hasn't actually been earned or spent or changed hands in some way. One country did this in Africa a few decades ago to counter rediculous inflation and it just screwed it up even more.
2006-09-05 01:22:51 · answer #1 · answered by DB4GTZ 2 · 0⤊ 0⤋
The quantity of money in circulation should not be out of tune with the quantity of goods and services available for the money to buy them. If more currency notes are just printed by fiat without any corresponding increase in productivity (or quantity of available goods and services), then, "more money will be chasing fewer goods/services", and terrible inflation will ensue.
Indeed, if it were possible to print money at random like that, the third world countries would merely print it aplenty and dispense with the grants and other aids from the advanced countries.
2006-09-05 08:32:45 · answer #2 · answered by peaceman 4 · 0⤊ 0⤋
The point of the pound is that you could take your ten pound note into a bank and exchange it for ten pounds (NOT lbs) of silver. If the mint prints more money than it has sterling then all the currency is worthless and you get hyper inflation - essentially you'd need a million pounds to buy a loaf of bread. Printing more money than you already have is very bad economics.
2006-09-05 08:20:17 · answer #3 · answered by Mordent 7 · 0⤊ 0⤋
It depends what you mean by your question.If the BoE print more money the limited amount already in circulation becomes worth less because of supply and demand.The pound in your pocket will buy you (and everyone else) less and this is inflation.
The other answer is that it doesnt matter however much money you have doesnt change the weather,doesnt prevent droughts.Wiping out their debts would undoubtably help but they need other support too
2006-09-05 08:29:31 · answer #4 · answered by Mark W 2 · 0⤊ 0⤋
this is not possible because the money doesnt help to any people their hardwork only give the permanent solution .because money is jest a printed paper which help somedays only.so the england can help to the world by giving any business order. i am indian our country get many order from england by the eng skill like callcenter ,bpo
2006-09-05 08:30:00 · answer #5 · answered by Anonymous · 0⤊ 0⤋
The German's tried it during the Great depression to pay their workers, it didn't work!
People ended up having to take wheel barrows fall of money to buy a loaf of bread.
Read about the Great Depression, and you might understand why this cannot be done.
2006-09-05 08:35:02 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Maybe you should ask the governor of the bank - I'd like some of the extra money too.
2006-09-05 10:09:30 · answer #7 · answered by scallywag 4 · 0⤊ 0⤋
they be better writing off their debts although debt has crippled many developing countries often based on loans taken out by prior rulers and dictators (many of which various Western nations put into power to suit their interests), millions face poorer and poorer living standards as precious resources are diverted to debt repayment various G8 Summits have seen promises of billions in debt-write off, almost hardly are carried out, or contain a lot of spin
2006-09-05 08:21:01 · answer #8 · answered by Anonymous · 0⤊ 0⤋
That is exactly what happened to Germany between the two world wars. The economy collapsed ( 1,000,000 marks for a postage stamp! ) We all know what happened next .......
2006-09-05 08:26:00 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Yeah right.
And have the people of Britain live with inflation rates like those in places like Zimbabwe.
2006-09-05 08:16:23 · answer #10 · answered by Anonymous · 0⤊ 0⤋