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Is it okay for the Government to print money?

  1. stiggies profile image82
    stiggiesposted 4 years ago

    There is some debate about how government can influence the economy through money supply and money printing. I don't know much about the topic so I hope to learn a few things and hear some ideas.

    1. Cagsil profile image60
      Cagsilposted 4 years ago in reply to this

      Yes, I've seen this and addressed it in a hub. The more money printed by anyone/any government only causes a degeneration of a citizens' value. Politicians should be convicted of Treason for not properly handling the Economy ever since the inception of America.

      1. stiggies profile image82
        stiggiesposted 4 years ago in reply to this

        So is are the bailouts by the Fed justified during the recession?

        1. Cagsil profile image60
          Cagsilposted 4 years ago in reply to this

          No. It's called- Corporate Protectionism, a.k.a. the Status Quo.

          1. stiggies profile image82
            stiggiesposted 4 years ago in reply to this

            What is the alternative then? If The Fed left Financial Institutions to be liquidated it would have resulted in the fall of the world economy.

            1. Cagsil profile image60
              Cagsilposted 4 years ago in reply to this

              That's nothing more than scare hype tactics.

              Edit: Alternative solution would be to better educate citizens how best to use the Economy.

              1. stiggies profile image82
                stiggiesposted 4 years ago in reply to this

                Agree to disagree.

                1. Cagsil profile image60
                  Cagsilposted 4 years ago in reply to this

                  You have something wrong with educating citizens? roll **agree to disagree* roll

                  1. stiggies profile image82
                    stiggiesposted 4 years ago in reply to this

                    No, just that you think it's scare hype tactics.

      2. stiggies profile image82
        stiggiesposted 4 years ago in reply to this

        Could you also post a link to that hub?

        1. Cagsil profile image60
          Cagsilposted 4 years ago in reply to this

          As per your request: http://cagsil.hubpages.com/hub/Degeneration-of-Value

          (*the above is not self promotion, but requested....DO NOT delete/snip*)

    2. rhamson profile image76
      rhamsonposted 4 years ago in reply to this

      Well as long as they do it according to the Federal Reserve mandates. LOL.

    3. stiggies profile image82
      stiggiesposted 4 years ago in reply to this

      There was a question about this recently. http://sportsbetter.hubpages.com/questi … rint-money

      1. Cagsil profile image60
        Cagsilposted 4 years ago in reply to this

        Yeah, so what?

        Questions are asked all the time in the Questions and Answer section.

    4. Druid Dude profile image61
      Druid Dudeposted 4 years ago in reply to this

      Actually, the printing of money is relegated to the federal government by the constitution.

      1. undermyhat profile image61
        undermyhatposted 4 years ago in reply to this

        As usual, Congress abdicated one of its real responsibilities by creating the Federal Reserve.  The printing/minting of money is solely the responsibility of Congress, alone.  The Federal Reserve scheme puts some of that authority in the hands of the Executive and the rest in the hands of a Quasi-Public institution. 

        The EPA, OSHA and other regulatory agencies create regulations that act as laws despite being part of the Executive and that power being the sole province of the Congress - at least according to the Constitution. 

        No institution has caused more harm to liberty than Congress.  The English Civil War should provide a cautionary story about legislatures out of control.  But in America it seems that Congress and the Executive are ganging up on the People.

  2. 0
    rickyliceaposted 4 years ago

    Nope inflation=taxation.
    It influences the economy by helping whoever receives the money i.e. banks, and hurting everybody else.

    1. stiggies profile image82
      stiggiesposted 4 years ago in reply to this

      If the banks are bankrupt then the citizens would also be left bankrupt. Banks are the basis of the economy and have to be looked after (bailouts) to maintain the economic system.

      1. Cagsil profile image60
        Cagsilposted 4 years ago in reply to this

        Actually, the would not be true.
        Untrue yet again. Banks were later developed(adapted). The Economy was already in existence before banking was established in America.

        1. stiggies profile image82
          stiggiesposted 4 years ago in reply to this

          Economy changes over time. Banks are now an integral part of the economic system.

          1. Cagsil profile image60
            Cagsilposted 4 years ago in reply to this

            No more important than any other business. Once you assign value to one higher than others, you set a bad precedent.

            1. stiggies profile image82
              stiggiesposted 4 years ago in reply to this

              People use banks to keep their money for them and to borrow money. If they keep their money instead the banks will be unimportant. You can judge it to not be more important than any other business but the fact is that people use banks to guard some of their wealth and this makes them important.

              1. Cagsil profile image60
                Cagsilposted 4 years ago in reply to this

                I don't need to be told how banks are used. Duh!
                MORE BS! Keep it coming. Banks are not important. Places like Credit Unions and such are better anyways. Technically they are still banks, but they are better backed.
                Yet, another irrelevant statement because those who truly want to protect their wealth won't put it into a bank in America, but will put it somewhere where the U.S. Government cannot find it.

                1. stiggies profile image82
                  stiggiesposted 4 years ago in reply to this

                  It seems like you had some bad experience with an AMERICAN bank and now hate the entire banking system. No free market economy can exist without a strong banking sector. Enrol in an economics course.

                  1. Cagsil profile image60
                    Cagsilposted 4 years ago in reply to this

                    Really? A bad perception on your part.
                    roll

                  2. undermyhat profile image61
                    undermyhatposted 4 years ago in reply to this

                    Banks can only get way out of hand when they are aided by a government that makes banking less competitive.   Thanks again to the Federal government - why are their finger prints on every thing that turns to crap?

      2. 0
        rickyliceaposted 4 years ago in reply to this

        Nothing in the world is safe, banks just like any other business can and should go bankrupt.
        I mean is there any difference between losing your money through a bank going bust, or losing it through bailing it out.
        You say tomato i say tomahto.

        1. stiggies profile image82
          stiggiesposted 4 years ago in reply to this

          The Fed didn't use tax payers' money to bailout banks. They printed money and the bailouts helped US citizens like yourself to not lose all your money in your bank account.

          1. 0
            rickyliceaposted 4 years ago in reply to this

            the printed money diminished the value of the money in people's bank accounts.

            1. stiggies profile image82
              stiggiesposted 4 years ago in reply to this

              there is a lag on inflation. Besides I would prefer inflation over a zero account balance.

    2. undermyhat profile image61
      undermyhatposted 4 years ago in reply to this

      It hurts banks far less than it hurts you and me.  Financial institutions work to ameliorate the negative effects of government policies.  You and I do not, usually, possess sufficient knowledge, tools and resources to protect our money from the reduction in value caused by inflation.  Inflation helps debtor countries because it decreases the value of the debt help.

  3. phion profile image59
    phionposted 4 years ago

    NO!

  4. innersmiff profile image80
    innersmiffposted 4 years ago

    Money printing is the worst kind of theft as it steals from the populace whilst appearing that it is giving them more. If we're going to make a moral stand that counterfeiting is wrong, we have to apply that to the government too. The government also needs to legalise competing currencies so as to free people from the shackles of the dead American dollar/British pound.

  5. pramodgokhale profile image60
    pramodgokhaleposted 4 years ago

    Modern economics can not escape wrong doings and shortcomings.Printing of notes to beat the inflation or artificially inject medicines in economy to show people that governments are doing their job to bolster econmoy.
    in India we are crying over 7% inflation, i heard in some countries there is hyperinflation in 1000% ,so what common people are doing there?
    They tune with the happening.

 
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