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Can't we just print more money to pay off the debt? And there will be no consequences since we're the reserved currency for the world backed by the most powerf
by the_real_cher 6mo ago
Can't we just print more money to pay off the debt?
And there will be no consequences since we're the reserved currency for the world backed by the most powerful military in human history.
- ur-whale 6mo ago> Can't we just print more money to pay off the debt? Indeed > And there will be no consequences since we're the reserved currency for the world backed by the most powerful military in human history. Yup, and it works until you're not the reserve currency anymore, which ... happened before quite a few times (Dutch guilder. French franc. British pound) But hey, this will be in what ? 50 years ? Half of us will be dead by then, so who cares?
- the_real_cher 6mo agoHeck yeah! No problems here! Its future generations problem to worry about!
- cestith 6mo agoPrinting more money will speed inflation.
- the_real_cher 6mo agoApparently not due to USA status as the global reserve currency.
- danny_codes 6mo agoThat’s not how printing money works
- cestith 6mo agoThe US dollar being the reserve currency means printing more of it will add to inflation slightly slower than otherwise. It doesn’t mean we can just add trillions or quadrillions of dollars of liquidity to the economy with no added productivity and see no impact.
- akramachamarei 6mo agoPrinting more money also devalues all the previously issued dollars, such as in savings accounts and your paycheck. So it's kind of equivalent to a flat tax.