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Topic: Why not just print dollars? - page 9. (Read 30043 times)

sr. member
Activity: 770
Merit: 268
October 05, 2017, 04:39:39 AM
Printing Dollars is not a smart thing to do because some many people have tried it just got failed. It is not even worth trying anymore because you will get caught very easy these days.

That could be impossible to happen,  Bitcoin is International digital currency and as digital banking system the paper money will be valueless. Bitcoin no need to print on paper, with in next few years the paper money destroy by bitcoins.But if someone would try to do that government and local authorities will sue for that because it is illegal and not be done by any other individual in state and real printed dollars.

In some extent you are right. When everyone prints a dollar or for that matter a  currency then what is the use of that currency. Currency needs to be limited. With limited circulation of currency inflation might remain under control. If everyone starts printing the currency then no matter how much you print it is useless. Why bother printing the currency then because for print the currency you need a paper, electricity, machine which have a price. Thus printing dollar or currency individually is like using sand grains or stones as currency. No value.

When Govt prints too much currency then inflation happens. Though it is not the only reason for inflation. However it is one of the major reason for inflation. Good examples is look at the strongest currencies in this world. US dollars,  British pound, Bahraini Dinar, Euro  are some example. Their supply is very limited and highest denomination currency is less than what most other countries have.

Next point about everything in economics has value only because people collectively have perceived it so. Thus When govt rejects or stops recognition of legal tender of the currency-note then that note will become worthless piece of paper. Bitcoin has value because people are perceiving and accepting the value supported by it. No govt can stop it. At max they may block bitcoin. Till there are groups of people who perceives value in bitcoin it will remain as valuable.
member
Activity: 136
Merit: 11
October 05, 2017, 04:14:56 AM
if all print dollars then the country of the country will have no identity about the currency itself
sr. member
Activity: 574
Merit: 250
October 05, 2017, 04:08:33 AM
Printing Dollars is not a smart thing to do because some many people have tried it just got failed. It is not even worth trying anymore because you will get caught very easy these days.

That could be impossible to happen,  Bitcoin is International digital currency and as digital banking system the paper money will be valueless. Bitcoin no need to print on paper, with in next few years the paper money destroy by bitcoins.But if someone would try to do that government and local authorities will sue for that because it is illegal and not be done by any other individual in state and real printed dollars.
newbie
Activity: 47
Merit: 0
October 05, 2017, 03:31:02 AM
In fact you are chatting about bitcoins which is yet to occur all more than the world and if it happens it will lessen kf commodities to a huge lengthen and every thing will be cashless.
sr. member
Activity: 572
Merit: 250
October 03, 2017, 08:46:10 AM
a government cant just print money as long as they want, it is still subject to regulations since printing a lot of money can cause inflation to the society, the value of the excessive printed money will go down to the point it has no value just like what happen during the japanese invation in the philippines during world war.
Yes I agree with you. It is a very shameful thing for the government too that they cannot generate taxes and is unable to bring economic stability in the country that’s why they print more and more currency. And if we talk of printing of dollars, it totally depends upon the demand of the government, because the US government has no authority to print dollars. They buy it from their own bank.
jr. member
Activity: 55
Merit: 10
October 03, 2017, 07:11:37 AM

Some guys in Zimbabwe decide to just print money:)

Then happens this :
https://cdn1.pri.org/sites/default/files/styles/open_graph/public/story/images/Zimbabwe%20Trillion_3_CROP.jpg?itok=aTCzaFCE

"One hundred trillion dollar" Zimbabwean banknote = $0,4USD

sr. member
Activity: 1652
Merit: 262
SOL.BIOKRIPT.COM
October 03, 2017, 06:46:40 AM
is it possible to print dollars? maybe another term is: we have a lot of bitcoin which if in exchange to the dollar, the value is very much. or we commit a crime by printing dollars? printing dollars is the same as we are distributing fake money, and we will deal with the authorities.
full member
Activity: 193
Merit: 100
October 03, 2017, 06:25:51 AM
The answer to this question is simple. Inflation.

Inflation will happen if we just print paper money to pay debts because the money supply will increase. And and as the money supply increases, its currency value then decreases. Simple economics. Now would you rather pay the debts in a long way or pay your bills, consumer goods and everything in a very spiked up price? Everything needs to be balance and so is the money supply in order to have a good economy.

Exactly. If you want to be rich just because printing dollars, the things you want to buy will get more expensive too. That's because the amount of dollar will not matter anymore because everyone can make their dollars by printing them. It is a simple fact. Grin

Yes the central banks don't print notes just for printing sake because it has a net effect on their economy if they carelessly print notes at will without proper caution and regulation. There are a lot of central banks in third world countries that pumps in cash at will and they are always at the mercy of IMF and world bank.

Yeah, central bank will be overload. We need a balance, so I think if we want to make people rich, we should give them job. We should build a company or an industry that will hire a lot of people. That is the best solution. Grin
full member
Activity: 532
Merit: 100
October 03, 2017, 02:18:59 AM
What a fool idea. You mean when you barrow a dollar to a certain person you will pay it with a printed one. You think there is someone who will take your printed dollar for payment. And if your idea became a reality no one will work for sure. They just print their money everytime they need it.
full member
Activity: 1148
Merit: 158
★Bitvest.io★ Play Plinko or Invest!
October 03, 2017, 01:44:37 AM
If we print a lot of a money, the price of the money will growth so that we’re no better off than we remained before. Printing money will eventually abolish our economy and our currency.

Simple because if the government will print more paper bills then the value of it will lessen or will loss.
It will devalued because of high supply in the market and the value of it will decrease.
full member
Activity: 350
Merit: 100
BITDEPOSITARY - Make ICO's , More Secure
October 03, 2017, 01:06:58 AM
https://www.youtube.com/watch?v=wpW_KMHlAmo

Why borrow dollars and then pay back by printing them?

Why take the long way around?

It does not make it easy to make dollars or money. The work tools also purchase it, especially the papers that cover it. Making money is very hard to do, you will still be able to go through the extensive process and buy more expensive items if you are calculated. Money making is also purchased by money, so most processes turn around in money or turn around for money.
full member
Activity: 350
Merit: 109
October 02, 2017, 11:55:50 PM
If we print a lot of a money, the price of the money will growth so that we’re no better off than we remained before. Printing money will eventually abolish our economy and our currency.
sr. member
Activity: 812
Merit: 251
October 02, 2017, 11:39:15 PM
The answer to this question is simple. Inflation.

Inflation will happen if we just print paper money to pay debts because the money supply will increase. And and as the money supply increases, its currency value then decreases. Simple economics. Now would you rather pay the debts in a long way or pay your bills, consumer goods and everything in a very spiked up price? Everything needs to be balance and so is the money supply in order to have a good economy.

Exactly. If you want to be rich just because printing dollars, the things you want to buy will get more expensive too. That's because the amount of dollar will not matter anymore because everyone can make their dollars by printing them. It is a simple fact. Grin

Yes the central banks don't print notes just for printing sake because it has a net effect on their economy if they carelessly print notes at will without proper caution and regulation. There are a lot of central banks in third world countries that pumps in cash at will and they are always at the mercy of IMF and world bank.
full member
Activity: 193
Merit: 100
October 02, 2017, 11:29:25 PM
The answer to this question is simple. Inflation.

Inflation will happen if we just print paper money to pay debts because the money supply will increase. And and as the money supply increases, its currency value then decreases. Simple economics. Now would you rather pay the debts in a long way or pay your bills, consumer goods and everything in a very spiked up price? Everything needs to be balance and so is the money supply in order to have a good economy.

Exactly. If you want to be rich just because printing dollars, the things you want to buy will get more expensive too. That's because the amount of dollar will not matter anymore because everyone can make their dollars by printing them. It is a simple fact. Grin
full member
Activity: 252
Merit: 100
October 02, 2017, 11:04:57 PM
The answer to this question is simple. Inflation.

Inflation will happen if we just print paper money to pay debts because the money supply will increase. And and as the money supply increases, its currency value then decreases. Simple economics. Now would you rather pay the debts in a long way or pay your bills, consumer goods and everything in a very spiked up price? Everything needs to be balance and so is the money supply in order to have a good economy.
newbie
Activity: 56
Merit: 0
October 02, 2017, 10:16:09 PM
I don't forget it asking my mother why they would not just print paper funds so that there would be no very poor folks.  And she also do not know why.  She just said that if that occurs then individuals would be lazy, no far more plans, goals, nor dreams to go after considering that we can get what we want simply.In specialized factors, I neglect the cause why.  I just understood that in each and every paper money that they will print there is a corresponding gold to be paid at that certain establishment that handle the money circulation.
sr. member
Activity: 756
Merit: 253
October 02, 2017, 05:47:55 PM
One important thing we should know is that there is a cost attached to printing of new dollar note. And it courses inflation in an economy of which the negative effect on the economy is disastrous and not that easy to control in most cases. 

Exactly, you cannot eat your cake and have it back, the economy suffers when more notes are printed and the factors of inflation are regulated by the central bank of America by either printing or taking out more dollars and so we don't just print  for printing sake because it has ripple effects on the economy.
full member
Activity: 770
Merit: 126
October 02, 2017, 04:35:11 PM
One important thing we should know is that there is a cost attached to printing of new dollar note. And it courses inflation in an economy of which the negative effect on the economy is disastrous and not that easy to control in most cases. 
newbie
Activity: 10
Merit: 0
October 02, 2017, 04:24:36 PM
becaus eprinting dollars is illegal and bitcoin is legal so actually that is a stupid thing to do and even i know that that would not work no matter where you come from.
newbie
Activity: 8
Merit: 0
October 02, 2017, 01:07:40 PM
You have the ability to print your money and borrow money, and borrow $ 10 in "funnymoney" but you lose that $ 10, you can print $ 10 and return the money, but have $ 20 "funnymoney" in circulation. . They just take a lot of value. If only a few knew about bitcoins, the price would be just a few cents per dollar. I mean, fiat is ubiquitous everywhere but it definitely has a decent value.
Printing money is one of the ways to finance a deficit, although in normal circumstances (more or less) ordinary governments rarely stick to it. (The Zimbabwean dollar is a clear example of Such monetary policy is finally over)
Thank you !
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