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#432 - robbayyy (08/19/2012) [-]
I hate when people say "If our country is in debt we should just print more money"
I hate when people say "If our country is in debt we should just print more money"
#537 to #432 - anonymous (08/19/2012) [-]
well, if you have dept in your own currency it will work. But the currency will fall in value and might give the country a bigger problem when it comes to importing stuff.
#516 to #432 - anonymous (08/19/2012) [-]
unfortunately thats exactly what the federal reserve does
User avatar #456 to #432 - midgman (08/19/2012) [-]
Yeah, because that worked so well for Germany after WWI.
#472 to #456 - robbayyy (08/19/2012) [-]
Ok story time :D

After WWI when Germany's money was worth as much as a pigeons shit these two women went to the shops with baskets full of money. and I mean full to the brim. When they returned 10 minutes later they came back with their huge stack of cash and a couple of loaves of bread but the baskets were gone. The baskets were worth more than their huge stacks of money combined
#452 to #432 - arsyro (08/19/2012) [-]
Those idiots dont realize that if you print 1 one dollar and have one bar of gold the dollar is worth one bar of gold. But if you print two dollars then each dollar is worth half the bar of gold. So therefore the more money you print the less its worth therefore causing prices to rise. Hope this helps
User avatar #504 to #452 - fosforgasxiii (08/19/2012) [-]
Actually most currencies aren't based on the amount of gold anymore. I don't know for the dollar but for example the value of the euro has nothing to do with gold.
User avatar #502 to #452 - leopoldstotch (08/19/2012) [-]
Problem with the gold standard is that you are saying that there is pretty much a set amount of "wealth" in the world that is continuing to grow. Truth is that gold is not wealth. You cant use gold to grow a country. Education grows a country. Resources grow a country.
#459 to #452 - robbayyy (08/19/2012) [-]
I don't even try to explain it to them anymore ,
I don't even try to explain it to them anymore ,
User avatar #469 to #459 - arsyro (08/19/2012) [-]
Great now i want a ice cream pizza sandwhich
#474 to #469 - robbayyy (08/19/2012) [-]
Who doesn't?
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