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Economy

my dress:) Asked by gwenpen 8 months ago, 4 answers.

ok I understand that printing more money would upset our economy but what if we have a volt and we put money in that we only use a tiny bit and us it for bankruptcey.
How would it upset it then?

Myself Answered by woolley on Feb 28, 2009, 02:00PM
36 answers

No matter how much, or how little, money you would create in addition to what-ever is in circulation now would lower the value of the currency as a whole.

So those who were bankrupt would perhaps benefit slightly, yet everyone's money would be worth less than it was before.

myself Answered by lvbobdylan on Feb 28, 2009, 03:24PM
217 answers

because paper money actually has no value. its essentially a reciept for the gold you have..if that makes sense. and if you dont have the gold to back up the paper you have, the paper is worth nothing.

the flames are #1 Answered by overit on Feb 28, 2009, 04:00PM
779 answers

When there is a recession like in the United States, the goverment would use defict spending meaning that they would print more money then they need. The reason is to almost in a way equalize the economy through means of the boom and bust business cycle. Printing more money actually does not upset the economy or burden it in anyway it actually helps it get back up to a normal rate or even in rare case inflation

Answered by hivetyrant on Feb 28, 2009, 04:32PM
834 answers

If we didn't get rid of the gold standard in the 70s, things might not be nearly as bad.

The economy sucks because we're rewarding failure and disencouraging success, essentially. There are so many restrictions and taxation on small businesses, it's not even remotely amusing. And big corporations get out of a lot of these, simply because they're big. Not to mention the billions of taxpayer dollars we're forking over to them. And most of this has been happening in the past 20 or 30 years. People wonder why there hasn't been another Bill Gates in a while.

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