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

[Ricardo Walker 196]

On 2/6/2020 at 8:10 PM, Alifff said:

When a whole country tries to get richer by printing more money, it rarely works. Because if everyone has more money, prices go up instead. And people find they need more and more money to buy the same amount of goods.

This happened recently in Zimbabwe, in Africa, and in Venezuela, in South America, when these countries printed more money to try to make their economies grow.

I completely agree with you and also so he should try to understand that not everything works well every time in every country nowadays.

[BTC Future 3946]

On 2/5/2020 at 3:25 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?

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. 

The chinese government is creating a digital version of their yean national currency that has nothing to do with cryptocurrencies. It might have cryptographic encryption but this does not change the fact that it will be centralized and completely under the china's central bank control. Also it would create the circumstances for the chinese government to spy on their citizens and create databases with their consuming habits. This will tighten the chinese government grip on their population.

[Harris123 281]

It's impossible to print money to pay debts.If wag possible them everyone would be doing it.Also it's illegal ignoring such ideas is better for us.

[bentayebsalah 2280]

I will explain to you with a simple example
We put some soap in an amount of water, but it was not enough to cleanse the place, which is why we had to add some water, and this would make the soap less its concentration and not provide good results.
The same is true for countries if they decide to print money they will experience financial inflation and reduce the value of their own currency

[Maximumheight 119]

Just like what you have just said. Printing of more money will bring inflation as there will be too much money in the system. Creation of cryptocurrency does not mean there are more money in the system, the Fiat is only been replaced by cryptocurrency as the rich pumps money into Cryptocurrency, the poor gets them through freebies and airdrops or even by buying it low. 

[Thekingcallme 1975]

6 hours ago, bentayebsalah said:

I will explain to you with a simple example
We put some soap in an amount of water, but it was not enough to cleanse the place, which is why we had to add some water, and this would make the soap less its concentration and not provide good results.
The same is true for countries if they decide to print money they will experience financial inflation and reduce the value of their own currency

A good example, in short, no country can print money randomly because the amount of money depends on the size of the gold and the economy that owns it

[steve197 522]

If everybody had the ability to print his own cash the currency will not worth anything 

it will be an just like an normal paper

that's why they can't print money as much as they want 

[Ahmeddominik 126]

9 hours ago, steve197 said:

If everybody had the ability to print his own cash the currency will not worth anything 

it will be an just like an normal paper

that's why they can't print money as much as they want 

Hello my friend, thank you for this post and comments, and you provide beautiful tips

[PiroSense 2681]

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

i think it would be really better for underdeveloped countries to at least  establish their own cryptocurrency just like China

It would only be different to fiat if these currencies are hard-capped in maximum supply, which I highly doubt.

 

Cryptocurrencies doesn't solve inflation. A cryptocurrency can also have variable maximum supply, and could also be manipulated especially in centralized cryptocurrencies such as the one with China (to control the price volatility).

[Romaan1987 601]

On 2/5/2020 at 6:25 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?

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. 

The biggest advantage of crypto currencies that every coin in the crypto currencies field have limited supply, the coins can not be produced more than the total supply. So the inflation chances are very less in crypto currencies field.

[Jonn 22]

 If governments make currency to compensation off the state debt, inflation can rise. This grow in inflation would shrink the help of bonds. If inflation increases, populace will not absence to convene bonds for the reason that their assess
 

[fuer44 1083]

no, we should not think that it is a solution. if the country prints too much money without necessity, there will be inflation in that country. it is caused by the amount and increase in the amount of money in the extreme while on the other hand there is no economic activity that causes it.

[carbonado79 1]

Each country, rich or poor, should have such a monetary fund as it has enough gold reserves, this is purely my opinion, and it seems to me that this is the right position.

[Usman Abdulmumin 354]

I dont think this is a good idea to print more money and pay debt, this will increase country burden, and challenges. 

[JuliaNedz 25]

The post was interesting and informative. So what is the reason we can't print a lot of money. It is interesting to know this answer.

[Cryptominded 704]

On 2/5/2020 at 2:25 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?

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

A nation printing more money thereby increasing money supply in their country without increase in production of goods is creating more problems for the country than solving the already existing ones. Any country that wants to create more money should focus instead on production of more goods and services.

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

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. 

It is not enough to develop your own coin, investors shall need to put their money on it, to meet softcap and then hardcap and that brings us back to having a gold reserve before more money can be printed. 

[Fadimah 191]

On 2/5/2020 at 2:30 PM, Fuad Simon said:

When a whole country tries to get richer by printing more money, it rarely works. Because if everyone has more money, prices go up instead. And people find they need more and more money to buy the same amount of goods.

This happened recently in Zimbabwe, in Africa, and in Venezuela, in South America, when these countries printed more money to try to make their economies grow.

As the printing presses sped up, prices rose faster, until these countries started to suffer from something called “hyperinflation”.When a whole country tries to get richer by printing more money, it rarely works. Because if everyone has more money, prices go up instead. And people find they need more and more money to buy the same amount of goods.

This happened recently in Zimbabwe, in Africa, and in Venezuela, in South America, when these countries printed more money to try to make their economies grow.

As the printing presses sped up, prices rose faster, until these countries started to suffer from something called “hyperinflation”.

 

Source: http://theconversation.com/curious-kids-why-dont-poorer-countries-just-print-more-money-107633

Wow. I knew something like this will be what would happen. I think the government should be able to regulate the prices of goods though.

[Karani 99]

This beats the logic of getting into debt in the first place. The government should have just printed money to settle their deficit instead of going to borrow from other nations. Printing money to settle loans would cause inflation because there’s too much cash against the available goods. This would reduce your currency purchasing power against other currencies.

[bliznec 22268]

The government makes money and there is no business for ordinary citizens. The money that the government cares, this money, for the government, nothing more.

[iloveyobit 6599]

You cannot do that, otherwise you will unleash high inflation levels. If you are going to print paper money, you have to completely match the foreign currency and gold.

[Heroshema 0]

Its a dream .. money need for expensive things and the countrys pay for the banks from there Gold balance .. its default to earn from it 

 

[Zezo 306]

If it were easy for any country to establish its own currency, we would not have found backward countries, then what is the benefit of establish a currency, whether digital or paper, if it has no value

[Usman Abdulmumin 354]

This will lead money to circulate in the society and that is not a good thing for  country, people will end up becoming poor cuz no one will look for hard to make money and it will not be value in the eye of peoples. 

[Ahmeddominik 126]

20 hours ago, CryptoBitCrypto said:

The amount of money in circulation should be regulated. So that is why nobody can print money except the central bank k f the country to regulate it. 

Yes my friend and this is for sure and he cannot print money other than the central bank and I want to print my money how?

[Abanti Deb 39]

Yes, if you want to change the debit you can use it as a means of earning money, you cannot accept a debit card without money, so you have to pay for accepting a debit card.