I hear lot's of people say that the country is in debt, but seriously ... if they wanted they could just print out millions and millions of 100 dollar bills couldn't they? I don't see how it can cost money to make money. All they need to do is print out lot's of money with the machine, so why does everyone say we are in debt or why does the government act like they can't just print out money whenever they want, because I think they can if they wanted to.
2006-11-28 05:12:55 · 22 answers · asked by Anonymous in Politics & Government ➔ Government
No, but many teenagers think their parents have an endless supply of money.
2006-11-28 05:14:59 · answer #1 · answered by Klawed Klawson 5 · 3⤊ 1⤋
yes ... they do actually ... how it works is the federal reserve, which has never been audited btw and is a privately run organization, has the authority to print the money out of nothing .. period ... they print however much they want ... then loan it to the govt at interest for wars and projects and whatever ... then ur taxes pay the interest on the loans directly to the bank ... how it SHOULD work is that congress has the constitutional authority to strip the money powers from the bank and take those powers back and restore it to the people ... the govt can constitutionally print its own money and finance itself on a FIAT basis ... there does NOT need to be anything backing up the money .... the only thing thats needed is a power thats controlled by the PEOPLE and for the people to control its supply ... it really is that simple and thats one thing that the elite and bankers do not want you to know ... you dont find that in any newspaper or school textbook ... its also not a radical solution and its one that was at the core of the american revolution when it was colonial "scrip" money verses englands version of the federal reserve, which was the bank of england ... and also the power to print the money has passed back and forth between congress and some form of central bank in the united states SIX times since our founding ... its an ongoing battle ... it is THE solution to our economic problems in this country, that is, kill the federal reserve and give the congress and the people back the money powers and strip the elite of the most devious and evil plot ever perpetrated on a people since the beggining of history ..
2006-11-28 05:24:55 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I think if people really smartened up and looked at what a huge National deficit has done to us I am not sure you could even imagine the long term hurt that has been caused by tax cuts and FAR to much foolish spending, you do not have true growth when you are so gar in debt, its all false growth, it does not take a rocket scientist to figure out if a family of 4 owes $120,000 (which it does) PLUS INTEREST, that needs to be paid off before you could save and have any kind of security, imagine having a extra $120,000 loan your family MUST pay off with NOTHING TO SHOW FOR IT, you have to pay it off but have nothing in return. You just cant make more money because it makes the rest of the money worth less. Any Governing body who is looking after you will make sure the budget is balanced. Could you imagine your family borrowing so much money in a get rich scheme and loosing it all, but hey someone else got rich off it, its very very sad and people need to look at this as a right or wrong thing, not taking political sides foolishness. Its out right wrong and out right criminal, the only people who will tell you it doesnt matter that much are the ones making billions or some flunky wannabees and guess who gets to pay it back
2006-11-28 10:56:16 · answer #3 · answered by Jon J 4 · 0⤊ 0⤋
If they kept printing out money, the dollar would be over inflated and be worth nothing eventually. We used to have the 'gold standard', where the paper money was backed by gold (once you could actually take your money and get the gold equivalent).
The US is in debt because they are borrowing in order to keep the economy (especially the military) afloat. Also, China is buying up US Treasury bills which keeps our economy from collapsing. They are doing this because THEY have a huge surplus, but that's another story about supply, demand and how they are dumping cheap crap on the US and other countries while not importing much from everyone else.
The US economy is in trouble, but this is being underreported by the media.
2006-11-28 05:48:37 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Printing millions and millions of 100 dollar bills increases inflation, which would bring down the nation.
If every country and every person in the US that is owed money by the government tried to cash in all that money and call in their debts, we do NOT have the resources or gold to back it up. For example, I believe that if China alone called in the debts we owe them or pulled out their investments from our government, our economy would collapse which would trigger a worldwide depression. But other governments have faith in our economy and our government, so they accept things as they are.
In short, overprinting the paper money decreases its value. If money is as plentiful as toliet paper, people will view it as just as worthless.
2006-11-28 05:18:29 · answer #5 · answered by red_necksuck 4 · 2⤊ 0⤋
The more we print, the less it's worth. And it costs money to make money because it is created in a building, that has utility bills and employess. And money is printed on paper with ink. all of these things cost money. then they have to hire a trucking company to deliver the money to the banks - paying drivers and gas bills...you see, it adds up.
2006-11-28 05:18:37 · answer #6 · answered by smellyfoot ™ 7 · 0⤊ 0⤋
The government doesn't make money, it takes it from taxes, and borrows it from investors (bonds.) If these investors were to recall all of their bonds - the government would be in serious trouble. But this won't happen. There is a mutual interest between the government and the investors to keep the government going. In my opinion the government spends way too much however.
2006-11-28 05:16:38 · answer #7 · answered by Average Joe 3 · 1⤊ 0⤋
That may sound logical, but printing more money would only decrease the value of that printed money. More money only inflates the cost of everything.
Take a course in economics. It would do you good.
2006-11-28 06:36:49 · answer #8 · answered by Schona 6 · 0⤊ 0⤋
Are you serious? The dollar itself isnt actually worth anything. Its what the dollar represents and is backed by. Printing a bunch of money would do nothing except decrease the buying power of the dollar as it stands today.
2006-11-28 05:17:59 · answer #9 · answered by commonko 1 · 2⤊ 0⤋
Making more money would be an economic disastor. printing money would just increase inflation to an unimaginable rate. what the govt does to get out of debt is sell bonds to its residents and residents of ally countries. they can also raise taxes, but residents rarely like that procedure
2006-11-28 05:21:59 · answer #10 · answered by Joey L 4 · 0⤊ 0⤋
But then the money is worth less. Imagine Germany after WW1 and you needed a wheel barrow to carry enough marks to buy a loaf of bread. The same could happen. That would also ruin the dollar internationally
2006-11-28 05:15:35 · answer #11 · answered by ? 4 · 2⤊ 1⤋