literally Making money
By irishfury187
@irishfury187 (375)
United States
March 19, 2009 10:45pm CST
alright, if the united states prints 1.5 trillion dollars its going to cause inflation right? well what if the U.S. didnt tell anybody that the money was printed and gave every citizen of the U.S. 1,000 dollars and everyone just thought it was the tax money that provided that, wouldnt that boost the economy a little more? I'm not very educated when It comes to these topics, but I was wondering if my little theory was right
1 response
@mariposaman (2959)
• Canada
20 Mar 09
Instead of taking away $1000 from everyone and giving it to the morons who mismanaged their companies until they were not only bankrupt but millions of dollars in debt, it would make more sense to give everyone $1000 and let those companies restructure. Just printing money will fuel inflation.
@irishfury187 (375)
• United States
21 Mar 09
but if the people didnt know that the money was printed wouldnt that stop inflation
@mariposaman (2959)
• Canada
21 Mar 09
I do not know. Inflation is a strange thing. Zimbabwe has runaway inflation. You need a million dollars to buy a loaf of bread. A few weeks later it won't even buy a slice.
http://www.iht.com/articles/reuters/2009/01/16/africa/OUKWD-UK-ZIMBABWE-CRISIS.php
They issued a hundred trillion dollar note. It seems to be the only place you can have a hundred trillion dollars and still be poor. It was at that time worth about 33$ but by now is probably worthless.
At one time money was backed by gold. Now it is supposed to be back by the economy. If the economy collapses and the government continues to print money then inflation increases. It might be difficult to estimate how much actual money is circulating.
It is little known buy the Germans were going to print 5 pound notes during the second world war to make the British Pound worthless.
