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Can the Current US Economy fixed by Printing More Dollar Bills?
By Rose | November 1, 2008
Joann M asked:
Can the current US economy be fixed by printing more dollar bills by the fed.
Can the current US economy be fixed by printing more dollar bills by the fed.
I know that US Dollar is the Global Reserve Currency. Does being a reserve currency allow you to print as much as u want without hampering your economy ?
Do you forsee any chance of the reserve currency being replaced sooner ?
Maurice
Topics: US Economy | 10 Comments »
November 2nd, 2008 at 7:12 pm
Of course not, that would just cause massive inflation.
November 5th, 2008 at 9:44 pm
printing more money will reduce the value of the U.S. dollar which will further damage the economy
November 8th, 2008 at 4:07 am
no, it would make things worse. printing more money would lead to inflation and make your money worth less.
November 10th, 2008 at 7:34 pm
No, it would only make things worse. We need to go back on the gold standard.
November 13th, 2008 at 12:19 am
No, in fact, this would make it worse.
November 14th, 2008 at 2:09 pm
No, does not work that way… what we need is more manufacturing to sell our goods..but high prices, wages and crooked banks and loan companys ruin that
November 16th, 2008 at 4:44 am
That will only cause hyperinflation and the U.S will no longer be a superpower.
November 17th, 2008 at 12:36 am
Germany tried that after WW1… didn’t work.
November 18th, 2008 at 12:34 am
No not at all. You see, printing more dollar bills may help a bit. But in the long, like maybe a year down the line, it will not help. Printing money means the amount of money increases. With the number printed higher, the dollar becomes less and inflation becomes a bigger problem. So more dollars created means increased inflation.
November 20th, 2008 at 4:25 pm
No. The more notes are printed, the less value they become and prices skyrocket (inflation).