Is counterfeiting good for the economy?

  1. pjk_artist profile image63
    pjk_artistposted 8 years ago

    Is counterfeiting good for the economy?

    Since the banks remove all the "money" they create PLUS interest when their loans are repaid eventually they'll own everything and stop making loans.  Since a counterfeit twenty enters and remains in the economy forever, passing from person to person, it stimulates the economy? Does it not?

  2. commisioner profile image56
    commisionerposted 8 years ago

    are you nuts? just look at the mess overprinting money has caused. ten's of trillions of dollars in dept. adding more to it just makes the dollar weaker still. it only helps the person or people involved if they don't get caught. i have said many times that i would rather be homeless in a strong free country than be rich in an oppressed one.
    by the way, the banks will never own everything. if they ever do then there would be no more reason to stay in business. if that happens the economy would fail and they would have a bunch of useless paper. go figure.
    just see the banks, get your loan for a vehicle, home or anything else, pay it off and it's yours. not theirs. they will only start owning too much if people who promise to don't pay it back.

  3. dabeaner profile image56
    dabeanerposted 8 years ago

    Do not counterfeit.  The government is the only entity allowed to print "funny money".