for people who really need it, like people who don't have health insurance and people who just really need it you know?
2007-06-22 20:55:02 · 11 answers · asked by Olivia M 3 in Politics & Government ➔ Government
randomly printing more money makes the currency actually worth less - raising costs for everyone. interest rates go up since the money is less valuable - making everyone poorer - especially the poor.
http://www.sjsu.edu/faculty/watkins/hyper.htm#YUGO
2007-06-22 21:06:17 · answer #1 · answered by jbelkin800 3 · 2⤊ 0⤋
Too much money in the economy de-values the dollar.
Let me give you an analogy...
If everyone in the world had a five karat diamond, jewelers couldn't give them away! They would be as common as apples and oranges.
The solution to the insurance crisis is not establishing another government give-away program. When the federal government offers something to the people, it's actually "the people" who pay for it.
Remember, WE are the government.
There really are no free rides and free lunches.
Taxpayers always get the bill.
America has incredible medical facilities, knowledge and equipment.... all of which costs billions of dollars.
We need to find a way to live in peace with people of other countries... we need to find a way to close our borders to keep illegal aliens from abusing our generocity... we need to make America strong again. Then, and only then can we even attempt to regain control of health insurance.
2007-06-22 21:04:37 · answer #2 · answered by Mike 2 · 0⤊ 0⤋
A little problem called "hyperinflation".
Hyperinflation was one of the main problems, in Germany during the 1930s, leading to Hitler getting into power...to give you an idea of how bad of an idea that would be.
No government can print as much money as they want without collapsing the economy.
Read a textbook, or website, on "Macroeconomics", regarding the "Federal Reserve" and the "money supply."
2007-06-22 21:01:36 · answer #3 · answered by energeticthinker 5 · 0⤊ 0⤋
The government cannot just make money to give to the people. Taxes must be collected to finance the needs of the people.
2007-06-22 20:58:07 · answer #4 · answered by FRAGINAL, JTM 7 · 0⤊ 0⤋
they could in fact do this. the money is no longer based on anything. if they did it without telling the rest of the world it would not hurt the exchange rates. other factors drive inflation so this wouldn't make that much of a difference there. and that could be contolled with wage and price controls. i say roll the presses and send me a few million.
2007-06-22 21:01:06 · answer #5 · answered by Anonymous · 0⤊ 0⤋
its called inflation, the more money that is out there, the less valuable it is. doing what you said would make the cost of all good simply skyrocket, and with the global economy as it is, we would not be able to use american money anymore, since it would just about be worthless. And we would have to switch to the euro, is that what you want?!
2007-06-22 21:15:40 · answer #6 · answered by Anonymous · 0⤊ 0⤋
the Germans tried that in the late 1920's and early 1930's...
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Government out of money? Print more!
Damn... takes a wheelbarrow full of cash to buy a loaf of bread all of a sudden.. wonder why?
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That was the SETUP that allowed Hitler to come into power... if Germany hadn't been bankrupt and desperate he may have never been able to take over.
Be careful what you ask for... you might get it.
2007-06-22 20:59:49 · answer #7 · answered by Anonymous · 1⤊ 0⤋
because if the government makes too much money, it makes your current money worth less, thats called inflation. some fixes aren't as easy as they sound, eh?
2007-06-22 20:57:01 · answer #8 · answered by Anonymous · 1⤊ 0⤋
Because they have to control how much money is in circulation. If there is too much money then what money you do have is not worth as much.
2007-06-22 21:05:46 · answer #9 · answered by ♥♥♥♥ 6 · 0⤊ 0⤋
they are making!
2007-06-22 20:57:45 · answer #10 · answered by shaya 1 · 0⤊ 0⤋