Comments on: Money Crisis – in this financial crisis why doesn’t the u.s. mint print more money? http://yareo.net/money-crisis-in-this-financial-crisis-why-doesnt-the-u-s-mint-print-more-money.html Sat, 17 Mar 2012 06:37:26 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Common Sense http://yareo.net/money-crisis-in-this-financial-crisis-why-doesnt-the-u-s-mint-print-more-money.html#comment-15150 Common Sense Thu, 29 Dec 2011 21:00:38 +0000 http://yareo.net/money-crisis-in-this-financial-crisis-why-doesnt-the-u-s-mint-print-more-money.html#comment-15150 That's exactly what's been done. No joke. The infusion of cash into the banking system, AIG, Bear Sterns etc.... is in effect "printing money"....... next thing to watch out for in 1-2 years.... INFLATION. That’s exactly what’s been done. No joke. The infusion of cash into the banking system, AIG, Bear Sterns etc…. is in effect “printing money”……. next thing to watch out for in 1-2 years…. INFLATION.

]]> By: M dub http://yareo.net/money-crisis-in-this-financial-crisis-why-doesnt-the-u-s-mint-print-more-money.html#comment-15149 M dub Thu, 29 Dec 2011 20:42:41 +0000 http://yareo.net/money-crisis-in-this-financial-crisis-why-doesnt-the-u-s-mint-print-more-money.html#comment-15149 knightrider, we are basically printing more currency since we run a deficit. whether you print a physical note or sell a treasury bond to china you are basically printing currency that doesn't exist. this is why it is so dangerous to have paper currency that is not backed by something physical. it leads to inflation (which of course the government understates, it has to), and has never worked in the history of the world. the u.s. will be no different, inflation will consume us. in 500 years this paper money will be like leaves. knightrider,

we are basically printing more currency since we run a deficit. whether you print a physical note or sell a treasury bond to china you are basically printing currency that doesn’t exist.

this is why it is so dangerous to have paper currency that is not backed by something physical. it leads to inflation (which of course the government understates, it has to), and has never worked in the history of the world.

the u.s. will be no different, inflation will consume us. in 500 years this paper money will be like leaves.

]]> By: Mark S http://yareo.net/money-crisis-in-this-financial-crisis-why-doesnt-the-u-s-mint-print-more-money.html#comment-15148 Mark S Thu, 29 Dec 2011 20:37:40 +0000 http://yareo.net/money-crisis-in-this-financial-crisis-why-doesnt-the-u-s-mint-print-more-money.html#comment-15148 They are, at least a couple of trillion dollars so far, but that isn't without its own problems. Namely inflation down the road, but at the moment they're more worried about recession than they are inflation. They are, at least a couple of trillion dollars so far, but that isn’t without its own problems. Namely inflation down the road, but at the moment they’re more worried about recession than they are inflation.

]]> By: Metski69 http://yareo.net/money-crisis-in-this-financial-crisis-why-doesnt-the-u-s-mint-print-more-money.html#comment-15147 Metski69 Thu, 29 Dec 2011 20:11:17 +0000 http://yareo.net/money-crisis-in-this-financial-crisis-why-doesnt-the-u-s-mint-print-more-money.html#comment-15147 If the Treasury just printed more money and increased the money supply, it does not make us a richer nation. When the economy is growing at a slower rate than the money supply, inflation kicks in. We may have more money in circulation, but it is worth less than it was before. The costs of goods and services would go up to compensate for this, but your wage/salary probably would not. The purchasing power of the average American would drop precipitously. By the way, our currency is NOT on the gold standard. Pay no attention to the responses above. Also keep in mind that people who can not spell or punctuate properly, usually have no credibility in serious matters such as economics. If the Treasury just printed more money and increased the money supply, it does not make us a richer nation. When the economy is growing at a slower rate than the money supply, inflation kicks in.

We may have more money in circulation, but it is worth less than it was before. The costs of goods and services would go up to compensate for this, but your wage/salary probably would not.

The purchasing power of the average American would drop precipitously.

By the way, our currency is NOT on the gold standard. Pay no attention to the responses above. Also keep in mind that people who can not spell or punctuate properly, usually have no credibility in serious matters such as economics.

]]> By: Joe D http://yareo.net/money-crisis-in-this-financial-crisis-why-doesnt-the-u-s-mint-print-more-money.html#comment-15146 Joe D Thu, 29 Dec 2011 19:40:34 +0000 http://yareo.net/money-crisis-in-this-financial-crisis-why-doesnt-the-u-s-mint-print-more-money.html#comment-15146 Inflation. It will drive the dollar lower, making pretty much everything cost more. We will probably have extreme inflation when this mess is over. Inflation. It will drive the dollar lower, making pretty much everything cost more. We will probably have extreme inflation when this mess is over.

]]> By: Harold V http://yareo.net/money-crisis-in-this-financial-crisis-why-doesnt-the-u-s-mint-print-more-money.html#comment-15145 Harold V Thu, 29 Dec 2011 19:30:01 +0000 http://yareo.net/money-crisis-in-this-financial-crisis-why-doesnt-the-u-s-mint-print-more-money.html#comment-15145 If we print more money it won't be worth anything because there won't be any gold to back it up. The we'll have inflation and prices will go up. If we print more money it won’t be worth anything because there won’t be any gold to back it up. The we’ll have inflation and prices will go up.

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