Why Not Just Print More Money?


Bob are you watching the baby of course that’s what you’re paying me for mama daddy why Bob need money because Bob never acquired marketable skills and money doesn’t grow on trees you majored in Performing Arts Ron why not just quit more money den Bob can have some more actual printing more money can be a very bad idea it results in the money that we already have losing its value yeah but so what is it the government printing more money all the time to benefit their interests that’s better than them taxing us isn’t it you sure about that in the short term it may not seem like it costs you but in the long run it results in all of your money being worth less than it was before so it’s basically just a hidden tax oh well that stinks but we have to pay taxes either way so what’s the difference the difference is huge if we weren’t constantly devaluing our own currency we would be better able to save for the future a person who starts saving for retirement at 19 could expect their savings to have just as much purchasing power at 65 and they wouldn’t have to invest their money into 401ks and stimulate Wall Street just to have their hard-earned savings retain their value and with things like cost of living remaining stagnant or even decreasing as technology develops we wouldn’t have to keep artificially adjusting wages to keep up well that does sound nice and all but I’m sure there are ways inflation can be beneficial and besides what’s the worst that can happen hyperinflation when a government is unable or unwilling to manage the amount of money they print eventually it begins to inflate so quickly that it becomes almost completely worthless one of the most infamous historical examples would be 1920s Germany exactly at one point things got so bad that it would cost you four point two trillion German marks to get just one US dollar and there are many more recent examples in the 2000s hyperinflation in Zimbabwe was so out of control that the central bank was forced to print 100 trillion dollar bills and in present-day Venezuela the currencies so were Plus that people are using it to make folded paper art and then selling it overseas because that’s the only way they can get a decent conversion on their money that makes sense maybe to a baby yeah economics nerd I as well remain unconvinced the government should print as much money as at once and you economic nerds can’t force your beliefs onto me told you so hey folks thanks so much for watching if you enjoyed this please check out feed org for more educational content thank you

Leave a Reply

Your email address will not be published. Required fields are marked *