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

[Muskan7816 175]

People think they need more money to buy the same amount of products. When the whole country tries to get more rich by printing more money, it rarely works

[Ahillya 62]

This is mostly because the paper used to manufacture the notes are of different quality than of our normal paper... Also we don't have the special ink for the printing. Also the thing is that currency notes are both the sides printed..... This is difficult in real life for a normal person.

[thiscomm 306]

On 2/5/2020 at 8:25 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. 

I do not agree if they make inflation coins to improve the state of the economy there. I think it will only be the main benchmark which will then be followed by other countries. if this happens it is not impossible that world war will re-occur because of fighting over the number of coins because coins wherever the price is the same.

[simizip76 67]

2 hours ago, CryptoBitCrypto said:

You are not wrong. It will really create disorder and money will have not value and people will not work. 

yes i think you are absolutely right printing money to full fill our needs will create a mess and disorganization in this world. each and everyone will then simply print money and no one will do any work. in order to maintain balance in the society printing money does not seems a very good idea.

[Merytis 21]

Yes, several citizens feel that less privileged countries cannot make extra funds to eliminate their unemployment. The key is actually very simple, but inflation cannot reproduction a lot money. while the merit of riches becomes moreover low, at hand will be no cost in that sense.
printing more money might not help

 

[Samreen701 1]

On 2/6/2020 at 8:35 PM, babakashi2020 said:

We can't just print money and make use of it the way we feel like. There is a limit to the number of every currency that would be in existence.

Crypto is pramount road payment somewhere honorable in a minute if we look around that the presence of crptorency could have helped the countries economy. 

[Tehniyat 8]

Because printing money would not help in solving the problem of economy. Because at that time there will be more money to buy but less item to be sold. 

[fatima123 320]

This is why we cannot print bitcoin and other alternative coins because these are virtual currencies. And the same poor countries cannot print their native currencies due to economics condition of their countries and inflation issues. 

[Rstunirk 151]

Too much change printing is not first-class for any country for the reason that to boot to a great extent cash make it to that country new poor. at this instant a number of websites bringing their deduct certificate and little by little gradually Crypto substitute Fiat currency and moreover it's stagnant against the act
 

[Novacore_99 215]

Yes if a country adopts the cryptocurrency then they can pay their debts and many more, we can print the money but we can mine the coins to earn.

[Beromnia 733]

Welcome with me
Many countries seek to manufacture their own national cryptocurrency to protect their privacy from Bitcoin globalization or cryptography
The national cryptocurrency does not have the same features as Bitcoin, but it works on the basis of blockchain technology, and it is good for controlling the country's economy.
Printing paper money is an easy process, however, compared to measuring the level of the country's economy

[noman 155]

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. 

I have seen this happening in mangolia due to economically crises. But they are using USD dollar by replacing there currency. But I don't think that those countries who are under establishment can replace crypto. Because it is to high-tech for poor countries to support.

[Upright 2688]

From my own research, printing money will tend to reduce the currency Value, and so making more money with the existing stock of goods will just make excess of money and the goods which are there won't increase 

[Ionescu 115]

That's a stupid question in my opinion. If that was possible don't you think that everyone would just print enough money and become the richest country in the world. Obviously that's not possible 

[MCSGlegend 2210]

to start printing a lot of money is like making a country a second Venezuela, where there is so much money that they stopped counting money, they started weighing it .

[Francisco Cabarico 48]

As mentioned, printing more money would bring currency devaluation. I do not believe that cryptocurrencies are the solution to a failed economy, since, in essence, cryptocurrencies are decentralized (it would prevent the government from obtaining tax money, which is not good for a country's growth)

[Gg233 1061]

When I was a kid I also think like this, like why the government created more money and give to everyone and just like in bitcoin why just we can create bitcoin and send to everyone.

[Mohstapha 16]

Indeed obviously we can utilize the cash to pay the charge, on the off chance that we trade coins with plastic, at that point it will be beneficial for us, and on the off chance that we can utilize our check card with platinum card, at that point we are acceptable at crypto for them. I can procure and get a decent installment, so I think we have cash on a plastic It is a decent arrangement.

[Intelcore20 48]

it is because the materials they use for making money is expensive also so it is impossible just to print money as they want, that's why crypto currency is exceptional because with some ways you can earn profit by investing and doing some crypto jobs.

[Irungu 4299]

it does not work out that way, money is a means and a principle so we have to really know what to do with it, so we have to look at what happens when we are doing the right thing, we get money from banks and after that we are always making money afet that, the money that is printed by the central banks are I ow you (IOU) they are just to show that the circulation is important, when you print money to pay debt, then you cause inflation and everything in your country , the prices sky rocket . there is a principle behind it 

[CryptoMaxim 3829]

Excessive use of money will devalue them. Therefore, the number of issued assets cannot be infinite. There should always be a limit.

[Saj555 2250]

That's a good thought but this is not a great idea. Because if all countries begin to start printing the money in flat currencies,then the economy will fall down. The rate of currencies will fall into lit by that. 

[jekich.chan 1439]

If you print a lot of money at once and pay off your debts, this will create a kind of imbalance in the world and the exchange rate may drop, inflation will increase very much. Therefore, countries do not make a lot of money to improve the situation.

[SanjidaAkterSanju 69]

Printing too much money for a country is crazy idea. But i like your thoughts. It is not so easy as you think. If a country do it the value of it’s currency will go down. Then it will have no use.           

[hadi6t6 6]

Yes, of course we can use the money to pay debit, it's better if we exchange coins with a debit card, and if we exchange our debit card with a debit card we're good at crypto. I can earn and get a good payment, so I think we have money on debit cards. It's a good deal.