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If printing money can resolve all problems, Zimbabwe must have become the strongest nation in the world.
by mrjin 5y ago
If printing money can resolve all problems, Zimbabwe must have become the strongest nation in the world.
- clavicat 5y agoThey do have the best-performing stock market.
- kqr 5y agoYou can't print your way out of debt held in foreign currency. That's different.
- guiriduro 5y agoBegs the question why anyone would lend US corps and institutions US dollars. In fact, increasingly, they're not. Which can create its own problematic scenarios.
- petters 5y agoIt solves some problems, not all.
- bserge 5y agoThey should've printed US Dollars, d'uh. Actually not a bad idea for a small/poor country if they can get their hands on good equipment (at least until the CIA finds out lol). Some say North Korea is doing it.
- kamaal 5y agoPrinting money really isn't that big a problem if you know how to take it back from the public(aka taxes). In fact if you have a strong enough tax collection system, printing is actually good because it cleans up debt by inflating it, provides liquidity, and has other benefits. You just need to pull it back from the public intelligently.
- hckrnrd 5y agoDDC (dollar-denominated currency). That’s why. No such thing as a Zimbabwean denominated currency. That the rest of the world uses USD is the reason.