Comments on: What Economic Crisis? Just Print More Money!

By: ISMAIL

ISMAIL — Mon, 14 Sep 2009 17:00:21 +0000

Hi there,
In my opinion, we have to accept the fact that we can print money cos we own the dollar printing machine. Now as a whole, does the economy need more money? Maybe it does not. But if we look at micro finances, we’ll discover that personal disposable income is deteriorating due to inflation and maybe insufficient wages. So to me, the economy may have sufficient money supply to finance its activities, but the wealth is not fairly distributed among the masses. The rich are hoarding up all the cash while the economically-meek are struggling to make ends meet. That is why you will see enough supply of money in the economy but you still hear people complaining. The govt needs to put more money in the working class and increase taxes on the super rich if they opt to not print more money. On corporate bailouts, it is better for the economy if these corporations are bailed out with new money in order to save thousands or millions of economic lives. But, ‘old money’ from these ‘cash warlords’ must be taken back in or order to balance out the distribution of money. Hey, it’s just my lousy 2 cents.

By: Daniel Lew

Daniel Lew — Thu, 26 Feb 2009 02:45:26 +0000

Nice read, unfortunately if that was the case, printing more money and handing money over willy nilly would be like shooting yourself in the foot.

By: virgil

virgil — Thu, 25 Dec 2008 11:44:18 +0000

You are giving ideas of printing money individually, people printing money in an economical crisis, it doesn’t work in every country is illegal, but governments can do it, nobody control them, unless they run out of prime material, ink, or machinery break down, they can amount money as they please. Even they can buy notes made in China or North Korea

By: 6 year old Johnny

6 year old Johnny — Tue, 02 Dec 2008 05:06:15 +0000

Printing more more only = debt if, as a nation, you’re a significant net borrower. Oh that’s right, the America is.
It doesn’t matter whether your currency’s play money or real money. If your banking system has the credibility of a 6 year old Monopoly gatekeeper, (and America’s does) you end up up the same creek, missing the same paddle.

By: r

Sun, 23 Nov 2008 18:53:18 +0000

Rather than have tax just have the government print more money to use for the tax. Simple but never going to happen because of inflation, but it wouldnt really affect it.

By: Craig Kalinowski

Craig Kalinowski — Tue, 28 Oct 2008 17:24:19 +0000

Finances are such a huge topic to discuss. I guess that I would start by saying that we need to eliminate credit and start using what we have. Although that is good for individuals, I’m talking about the governemnt. It’s really tough to stay out of debt when you have debt factories running full tilt. The federal reserve banks have presidents who basically do whatever they want. They only need 10% of what they loan out. In other words, if I had ten bucks, I could loan you a hundred. Here’s the kicker, though. . . the banks “loan” one another money. Imagine that. You can see where this goes. I’ll loan you 100, you loan the next guy 1000, he loans another 10K, etc. The really scary part is that it’s on a scale of billions of dollars. Credit is being fabricated like domain names! It’s ridiculous, and we’re probably not going to dig ourselves out before another giant financial crisis like the depression. We might have to start referring to it as something other than THE depression if we’re not careful.

By: Godfather

Godfather — Tue, 14 Oct 2008 19:05:57 +0000

I would save them Dave…you never know!

Thanks for the comment!

By: DaveK

DaveK — Tue, 14 Oct 2008 19:02:02 +0000

Great site, BTW, I have some 1920’s German Marks we could use, they’re still good right?

By: Why Can’t We Just Print More Money? « The Slow Bleed

Why Can’t We Just Print More Money? « The Slow Bleed — Fri, 10 Oct 2008 07:24:39 +0000

[...] wrote a blog awhile back basically making fun of the fact the government was simply trying to “print more money” as a [...]

By: JustZ

JustZ — Sat, 27 Sep 2008 15:44:49 +0000

Lets see if I have this right. Homeowners borrowed money they couldn’t afford using equity it turns out the didn’t have to back the loan. Result? Defaulted mortgages. Now the government has the solution to bail out the bad mortgages using money they don’t have backed by ???? GOOD GRIEF CHARLIE BROWN!!