Is it okay for the Government to print money?

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   stiggiesposted 12 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.

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      Cagsilposted 12 years agoin 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.

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         stiggiesposted 12 years agoin reply to this

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

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            Cagsilposted 12 years agoin reply to this

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

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               stiggiesposted 12 years agoin 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.

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                  Cagsilposted 12 years agoin 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.

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                     stiggiesposted 12 years agoin reply to this

                     Agree to disagree.

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                        Cagsilposted 12 years agoin reply to this

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

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                           stiggiesposted 12 years agoin reply to this

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

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                              Cagsilposted 12 years agoin reply to this

                              When politicians needed the stimulus plan implemented, it was scare tactics which granted it. Politicians and others collaborated, to ensure that the banks were protected at all costs because the upper 1% would have lost so much money, but told the general public a lie that if they went down, then so did America's Economy.
                              
                              That's just BS scare tactics because there were more solvent banks than insolvent banks. So please.

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         stiggiesposted 12 years agoin reply to this

         Could you also post a link to that hub?

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            Cagsilposted 12 years agoin 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*)

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      rhamsonposted 12 years agoin reply to this

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

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      stiggiesposted 12 years agoin reply to this

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

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         Cagsilposted 12 years agoin reply to this

         Yeah, so what?
         
         Questions are asked all the time in the Questions and Answer section.

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      Druid Dudeposted 12 years agoin reply to this

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

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         undermyhatposted 12 years agoin 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.

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   rickyliceaposted 12 years ago

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

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      stiggiesposted 12 years agoin 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.

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         Cagsilposted 12 years agoin 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.

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            stiggiesposted 12 years agoin reply to this

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

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               Cagsilposted 12 years agoin reply to this

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

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                  stiggiesposted 12 years agoin 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.

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                     Cagsilposted 12 years agoin 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.

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                        stiggiesposted 12 years agoin 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.

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                           Cagsilposted 12 years agoin reply to this

                           Really? A bad perception on your part.
                           

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                           undermyhatposted 12 years agoin 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?

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         rickyliceaposted 12 years agoin 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.

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            stiggiesposted 12 years agoin 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.

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               rickyliceaposted 12 years agoin reply to this

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

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                  stiggiesposted 12 years agoin reply to this

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

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      undermyhatposted 12 years agoin 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.

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   phionposted 12 years ago

   NO!

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   innersmiffposted 12 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.

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   pramodgokhaleposted 12 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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