Why can't we just print money to pay off debt??

[Lx-Lana 153]

Printing extra money is not good for any country because too much money makes that country poorer. Now some websites are bringing in their debit cards and gradually replacing crypto fiat money.

[godislovefll 1880]

On 2/5/2020 at 9:25 AM, Muhammad Hamdan said:

Have you ever wondered why poor countries can't just print more money to pay off their debt or to feed there homeless or fix unemployment?

This might seem like rather a silly question, but short answer can just be summed up in just one word "Inflation".

But in today's modren world where cryptocurrency is most likely to replace Fiat money, i think it would be really better for underdeveloped countries to at least  establish their own cryptocurrency just like China did.( i know China isn't under developed lol)  but it is very much possible  for them to raise their lower class people and bring prosperity.

If you want to know more please drop like and follow for constructive posts like ths. 

Many people would understand this, because many times I have read about that to end poverty it is necessary to give money to the poor, but this does not happen this way, so it is good that you create a topic maybe there are in the forum uchas people who have doubts about this.

[100x 97]

Probably because money then will mean nothing and its value will collapse, economies need stability and it is possible to see many problems happen after all this print of money that has been with the corona events. It was like throwing money from helicopters in the streets, however most were gone to the big companies.

[yulitzacalvete 1366]

On 2/5/2020 at 9:25 AM, Muhammad Hamdan said:

Have you ever wondered why poor countries can't just print more money to pay off their debt or to feed there homeless or fix unemployment?

This might seem like rather a silly question, but short answer can just be summed up in just one word "Inflation".

But in today's modren world where cryptocurrency is most likely to replace Fiat money, i think it would be really better for underdeveloped countries to at least  establish their own cryptocurrency just like China did.( i know China isn't under developed lol)  but it is very much possible  for them to raise their lower class people and bring prosperity.

If you want to know more please drop like and follow for constructive posts like ths. 

Unfortunately there are many people who think like this, and do not deepen they believe that by taking out and giving money the problems are solved and it is not like that, mmuy good contribution friend, let's hope and this will reach a lot of the public who perhaps still think these things and thus understand that the axis of evolution is in work and production and not in always receiving gifts.

[fanylu 505]

The idea of printing money sounds easy but inflation would be the setback, instead the idea of having our own currency would be a great challenge to help the country's economy.

[Guru2050 8284]

As for me I irrevocably consider this recommendation to be incompetent and out of the logical point, how can you imagine such a thing to happen in a giving Nation or word wide. You can back and read economic principles and regulations, make research on distribution of mints. 

Doing so doesn't mean a growth to the economic sector but bombarding the economic agreements

[abohasnn9 2401]

My friend, for a major reason, which is that cryptocurrencies were created with the purpose of creating electronic digital currencies that exist in the vast Internet space, and they are not intended to print them and create from them both things is that the currency is digital and cash at the same time, so it is difficult to print money in general to pay off the debt for anything that was thank you

[MK AHMAD 1134]

Printing of too much money in a country do not make it have values because it will be all around everywhere which will not make the countries have the impact of having the power to control everything in the market especially those who have easy access to the monetary funds they may think they 

[jappy 1129]

For the poor to end up worldwide, you simply have to educate yourself, poverty is not an economic state, if not a mental state, wealth is generated, we cannot give the poor thinking that they will become millionaires, this does not work that way it goes beyond that.

[Sypher9 1162]

When countries start to print more money for themselves I think that can be a disaster that can cause inflation meaning loss of value on the currency.

[Ajkion 275]

The idea of printing money is very risk for undeveloped countries, if money should be printed any time when it need arise to settle dept I the economy of such country will be very bad. your advice for the underdeveloped to join the crypto world is a very good one though most of the undeveloped countries are exempted from the forum.

[Amr90 1064]

As you said, inflation is the result of printing a lot of money.
Which is bad for the economy,
As for the countries that can create a cryptocurrency for them, that is important, and since China has always been a pioneer in the fields of technology and modernity, it is one of the first countries to do so.
In particular, the East is trying to get rid of the restrictions and control of the dollar.

[Roan 2166]

Printing money randomly and large leads to massive inflation and thus the collapse of the global economy

Can you think for a moment to pay a large amount of money for a meal for one person? This is what would happen if the money was randomly printed

In addition to the existence of global agreements that limit the random printing of money in order to preserve the economy

[joemcgwa 3227]

On 1/12/2021 at 11:17 AM, Najaatu88 said:

Print money?? Are you serious?? The economic system will be destroyed of course, the right example of this is Venezuela, when their currency destroyed, it was catastrophe, I will give a picture where you can understand that a huge amount of money is only worth 1 chicken.

Thus is why money printing is not good for any country.

But something people are just guessing then but they will never be happened, because if currencies is already called digital currency how can it be returning to analogy system.

[Serbberq 724]

This is easy to say but every country have their note currency which is prohibited for others not the government to print currency. And those that try that and make fake currency are always caught because is different from the original not in quality. 

[koynayak 1923]

Yes it looks like silly question but i know what you mean. If country has debts they can pay their debts with printing more money otherwise the value of the money will decrease and we call this inflation. That's why printing money cannot be the solution.

[Dorjoy12 8962]

On 2/5/2020 at 7:25 PM, Muhammad Hamdan said:

Have you ever wondered why poor countries can't just print more money to pay off their debt or to feed there homeless or fix unemployment

Its not be happen  or gonna be happen because every  time any country  central  bank control their daily limitations  of money  with a specific  way so there has no chance to make fake money.  If some time central bank face any problem of extra money  in a country  then they stop doing transaction  paper money  for a short time then fix the  problem.. 

[Alsh9 1007]

This matter is bad, my friend, and it will not help the poor countries, but it may destroy them and cause catastrophic inflation for them, so we must think rationally. The adoption of encryption and cryptocurrencies may be a good thing for developing countries as it will create jobs for them in coding and they will get good income from them.

[Lokeloke 576]

Government of every countries are very careful and they won't want to print money because it may lead to inflation and may reduce the value of the currency, since the supply are more than their demands then people will be rich and the way people get their wants will be more difficult making money to be useless, the only thing they can do is to recycle the spoilt ones.

[guatazoo 7150]

On 1/16/2021 at 11:07 PM, aboammar2 said:

It is not possible to actually print money randomly because this is an order that will lose the true value of digital currencies or even paper money and make it without any value

You are right if there  will be printed the paper cryptocurrencies, thats means they will be required to be created unlimited paper cryptocurrencies, because paper cryptocurrencies will be eligible to be destroyed, so that's they will be required to created unlimited which will decrease the demand and price of cryptocurrencies. 

[teebasas 3018]

Things can not be resolved in this way because more money can not be printed by the state and I believe that digital currencies in many countries will be more effective in reducing the poverty rate because it will provide them with a lot of jobs and earning opportunities as they are open to everyone.

[Braulio Eurea 720]

It would be an option to be able to print all the money to meet all the needs of the less developed countries, if this were the case internally, inflation would devour any income of the population and nothing would be solved, rather the problems would worsen, at the international level they are only handled the large currencies such as the dollar, the euro, and some yuang and rubles, the currencies of developing countries are not accepted in the international arena, so cryptocurrencies would be an option with a lot of future to fix a little the situation of the populations most in need.

[Nersreem 279]

Money is printed with some rules of a nation. Their is regulations on how money should be flawing and banks control the demand and supply of cash within the country. On like the crypto that gives financial freedom. 

[korobi909 193]

A country to develop a cryptocurrency and abandon the fiat will mean nothing different as they just create a digital currency which they can still manipulate and inflate, so it will still be losing the value it has and probably there will also not be lost money out of circulation as it happens with fiat and inflation may be even higher.

[kumkum444 142]

Dear friend, I tell you that all countries are printing money all the time. Some do it regularly due to their constant crises such as Venezuela, Argentina, Iran and several others, others hide it like the dollar and the euro. They use financial tools to disguise the constant printing of bills. With the pandemic this is becoming much more common on the part of all governments. The rise of bitcoin is directly related to the world banknote printing,