jump to last post 1-3 of 3 discussions (5 posts)

Do you think it is okay for government to print money?

  1. SportsBetter profile image77
    SportsBetterposted 5 years ago

    Do you think it is okay for government to print money?

  2. LandmarkWealth profile image81
    LandmarkWealthposted 5 years ago

    Some body had to print the currency, so yes.  The real question is should there be a constraint upon the rate and flexibility that the Fed is permitted to create money.  To that I say yes.  I think the Fed has way too much flexibility in terms of money creation.  I think it would be wise to either reinstate the Gold standard or some other version of a commodities based standard.  There are pro's and cons to this, yet I think that the gold standard was a vital check on the power of the central bank.  It was a big mistake and very short sighted to eliminate it.

    1. SportsBetter profile image77
      SportsBetterposted 5 years agoin reply to this

      When we were on a gold standard, there were paper certificates the government printed, but they can't print gold. But I agree with you.

  3. weekend profile image59
    weekendposted 5 years ago

    Well yes! Who else is supposed to do it?

    1. SportsBetter profile image77
      SportsBetterposted 5 years agoin reply to this

      No one.  There are supposed to keep the money supply flat, so prices stay flat.

 
working