4 ms·
Printing money is like robbing those who still have cash as the currency is devalued. And it doesn't change a thing if you owe money in foreign currencies. Oth
by jpfr 11y ago
Printing money is like robbing those who still have cash as the currency is devalued. And it doesn't change a thing if you owe money in foreign currencies.
Otherwise, Japan et al. would have long ramped up the printing presses.
- venomsnake 11y agoMost of the japan debt is in yen and they have been running the printing press in overdrive for the last 25 years or so.
- toomuchtodo 11y agoAs long as quality of life remains the same or improves, the value of a currency is meaningless (ie Japan).