OK, tell me why if we are all so poor, and our country is in such debt, why can't we just print more money? Can't the treasury do that and get us out of debt? Stupid question, but I'd love to hear the reasoning!
2007-11-06 05:41:39 · 10 answers · asked by dinny's engaged!! 7 in Entertainment & Music ➔ Polls & Surveys
The more money they print, means the value of the dollar goes down.
Which in turn leads to higher prices, etc.
2007-11-06 05:49:06 · answer #1 · answered by Anonymous · 2⤊ 0⤋
you should ask this in a financial section, you will get more accurate informative answers.
But I think you have to have collateral (for lack of a better term) to print money, can 't just print it. Also, it can cause an imbalance in the value of the dollar.
2007-11-06 13:47:55 · answer #2 · answered by Anonymous · 1⤊ 0⤋
More printed money = the value of the dollar goes down. Basic Economics.
I don't think they ever should have left the gold standard, myself.
2007-11-06 13:45:23 · answer #3 · answered by Miss_Cookie _Monster 5 · 1⤊ 0⤋
Ive thought the same thing too. Print more money, seems to easy.
2007-11-06 13:45:21 · answer #4 · answered by tarie75 4 · 0⤊ 0⤋
I know my history teacher said we were 4 trillion dollars in debt and I asked her that, she said ahe didn't know why they didn't print more
2007-11-06 13:47:17 · answer #5 · answered by :) 7 · 0⤊ 0⤋
Because the US doesn't have enough gold and bank notes to back up additional monies.
2007-11-06 13:48:31 · answer #6 · answered by emmie8750 4 · 0⤊ 0⤋
interesting..Bu tthey won't cause they like to make the poor poorer and the rich richer.Does that make sense.I hope so causeI thinkI may have confused myself.
2007-11-06 13:48:03 · answer #7 · answered by ~~Pinky & the Brain~~ 6 · 0⤊ 0⤋
that is a good question ive never thought about that, but ya lets do it!!!!
2007-11-06 13:44:57 · answer #8 · answered by Nance 5 · 1⤊ 0⤋
I always thought the same thing. lol.
2007-11-06 13:45:11 · answer #9 · answered by shorte716 6 · 1⤊ 0⤋
We need more gold!
2007-11-06 13:49:39 · answer #10 · answered by crosseyedforcakes 2 · 0⤊ 0⤋