who gets money after it is made?

Question

like when the money is printed where does it go does the government get it? if they do why do they make taxes if they can just print more money when they are low

Answer 1

In the UK it goes to the Banks to replace money taken out of circulation and to the Bank of England to compensate for the effects of inflation and any increase in the wealth of the country resulting from international trade, etc.

Answer 2

The Gold standard was scrapped years ago. On a £5 note it says We will pay the bearer the sum of five pounds. that should be five pounds in weight of gold. it is acceptable for the government to print money against other liquid assets like foreign currency - in fact they sold off lots of gold not long ago and went for foreign currency. But the more they print the more it's devalued and hence inflation. Most people borrow that money in the UK to pay mortgages and hence it goes back to the banks - so we have had a period of relatively low inflation. Of around 3% - but interest rates aren't much higher - some savers actually get less than 3% and lose money. Crazy system. If it wasn't for an artificial property shortage created by the government - there would be a crash and it would affect property and the stock market. But the property market will crash eventually anyway - it did under Thatcherism - it did in Japan - it will again.

Answer 3

They do print more when they get low; that's called inflation.

But seriously, the government prints the money, so the government has the money after it's printed. Then it goes to banks to pay off government bonds and other securities and debts, and is put into circulation by the banks. It is also sent to banks to replace the worn and torn bills they send to the government because they are not fit to circulate anymore. Those go into the shredder, then are sold for recycled material. Some people make gag gifts from the shredded money.

Answer 4

the government gets its. and they cannot just keep printing money the government can only print a limited amount of money so that it has a value in the market. Each country has a own saperate bank thing and they keep gold there. they print amount of money that the gold in their banks can support. thats like backup plan if something goes wrong in the paper money. so if they keep printing money when low the value of the money will be decrease. might bring about inflation.

Answer 5

people like you get the money not the government.

Answer 6

Banks, I think.

Answer 7

My wife!

Answer 8

banks.