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#1
With the U.S. and the economy in the state that it is, what's stopping them from changing the print lines that print 5, 10, 20 and 50$ bills into 100$ bills, making more money? Why can't they just mass produce bills?
#5
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llama

Well, you see.

When more money is printed, its value goes down.
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#6
Because the economy is not based on paper. The bills have to have a strong economic backbone to be worth anything.
#7

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#11
This happened in Germany during WWII. Hitler organised the printing of more and more Currency. Inflation became ridiculous....
#12
Quote by InvaderTSN
It's like that one episode of Dethklok where Nathan becomes governor of Florida, and he prints out a bunch of money so everybody has money and nobody wants to work and basically everything implodes on itself.


Hey.. I was going to use that example >_>
#13
Well, if its good enough for Zimbabwe, then its good enough for the US. Thornography for President.
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#14
We need to go back on the gold standard
you know how gold is making record profits?
that could be our dollar
if we hadn't gotten off the gold standard
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#15
Quote by s-g man
This happened in Germany during WWII. Hitler organised the printing of more and more Currency. Inflation became ridiculous....


I do believe that was interwar Germnay, as Hitler actually abolished the old Mark, and introduced the Reichsmark, so he wouldnt have to deal with the incredibly devalued currency
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#16
Quote by floppypick
llama

Well, you see.

When more money is printed, its value goes down.


This.

Money more or less represents a nation's GDP. Simply printing currency doesn't help anything, that's why we have what's called inflation. Notice how minimum wage has gone up, though you buy about the same on minimum wage as you did twenty years ago?

50 years ago, most people didn't make $100,000 a year. Nowadays that's little above average, that's lower-middle class right there.
#17
I agree with seige of power. That's what could help us out of this recession possibly. Let the price of goods go down, print less money, and mine more gold. Hey, it could work.
Last edited by ragt427 at Jan 11, 2009,
#19
Its all like a circle. If the government started printing more money and everyone got a hold of this money, everyone would believe they are rich. Now if everyone is rich, what's the point in working? So people don't work, and now, let's say, the person who makes televisions quits. If he quits, there is no more televisions made and the people who want to buy televisions can't, because there is no televisions.

I doubt I made any sense and it probably only makes sense to me.
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#20
it'll lose its value, and you'll be using half a ton of paper to pay for a jug of milk.
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#21
Quote by floppypick
llama

Well, you see.

When more money is printed, its value goes down.

you have
x, the amount of bills printed
and y, the aount of treasury we actually have...
and z... the value of a bill
xz=y and if you increase x
2x(z/2)=y
you see

sorry...
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#22
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I do believe that was interwar Germnay, as Hitler actually abolished the old Mark, and introduced the Reichsmark, so he wouldnt have to deal with the incredibly devalued currency


I have been corrected
#23
Quote by xToxicChopstick
Its all like a circle. If the government started printing more money and everyone got a hold of this money, everyone would believe they are rich. Now if everyone is rich, what's the point in working? So people don't work, and now, let's say, the person who makes televisions quits. If he quits, there is no more televisions made and the people who want to buy televisions can't, because there is no televisions.

I doubt I made any sense and it probably only makes sense to me.

Its not so much even that, its just that when you produce more money, the value of said money goes down. Its not that people won't work, its just that the paper becomes more valuable than the money itself, and we're even more screwed then we were before
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#24
Quote by Siege of Power
We need to go back on the gold standard
you know how gold is making record profits?
that could be our dollar
if we hadn't gotten off the gold standard


Gold standard reduces the availability of credit. A large portion of the economic growth of the past few dozen years in the US has been spurred by the availability of credit. It has been a double edged sword because it is also at least partially responsible for the recent downturn. Credit can drive an economy only as long as the majority of debtors keep up with their payments and new debtors take on more credit. Right now, people who can avoid it are not taking on more debt at this time.
#26
Quote by dudius
This.

Money more or less represents a nation's GDP. Simply printing currency doesn't help anything, that's why we have what's called inflation. Notice how minimum wage has gone up, though you buy about the same on minimum wage as you did twenty years ago?

50 years ago, most people didn't make $100,000 a year. Nowadays that's little above average, that's lower-middle class right there.


Are you sure about that? Do you mean per household or per person? Cuz $100,000 a year's a lot of cash imo.
#29
Basically, the amount of money in a country must match its production. If a country produces an x amount of things and everyone's a lot richer, stores will want to raise their prices to profit from this. Consequently, the value of the country's currency will drop, as you need more of it to pay for everything.

I'm sure everyone's explained this already, in a better way.
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#30
I asked myself an equally stupid question recently:

Why don't we just reset at 0 and start with a clean slate?


Then I laughed.

...modes and scales are still useless.


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#32
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Then that would happen


Except with that you can buy two lollies and half an ice-cream cone .
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#34
Quote by s-g man
This happened in Germany during WWII. Hitler organised the printing of more and more Currency. Inflation became ridiculous....


No, it was during the depression Germany went into after WWI. They had war debts to pay, so they printed off money like crazy to pay it. It didn't really get bad until the '20s, when the exchange rate was about 4 trillion marks to one dollar.
#36
sure, lets print more money so we can add rampant inflation to our long list of problems...
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#38
Quote by floppypick

Well, you see.

When more money is printed, its value goes down.

THIS!

this is why zimbabwe has just printed a $10,000 note
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#39
Quote by Marskell
THIS!

this is why zimbabwe has just printed a $10,000 note

That's pocket change:


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