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I don't get it

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Why can't we just print more money, we have machines don't we? Read More
dean3988 Avatar
8y, 4m agoPosted 8 years, 4 months ago
Why can't we just print more money, we have machines don't we?
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dean3988 Avatar
8y, 4m agoPosted 8 years, 4 months ago
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#1
idiot dont work like that

Inflation etc
#2
Good thinking Robert Mugabe
#3
Hello hyperinflation.
#4
you can only print as much money as can be covered by the gold supply ie £2000,000,000,000 pounds worth of gold equals £2000,000,000 of quid printed.
#5
ha plz add ,000 to the total, cant count lol
#6
I don't advise that you try!
#7
Thats what happened in Germany after the first world war, and money became worthless. People had to collect their wages in wheelbarrows, and by the time they got to the shops it wouldnt even buy them a loaf of bread.

http://www.bitsofnews.com/images/graphics/economy/weimar2.jpg
Kids playing with bundles of worthless money

http://www.uoregon.edu/~dapope/410jan12_files/image001.jpg
Money being used as wallpaper
#8
but, why don't we wack the machine on for a few days??
banned#9
don't be an idiot
#10
Don't they teach economics at school anymore.

You sound like Robert Mugabe's financial minister.
#11
tinkerbellsteve
you can only print as much money as can be covered by the gold supply ie £2000,000,000,000 pounds worth of gold equals £2000,000,000 of quid printed.


That used to be the case, parity with bullion...

Not quite as simple anymore:

http://en.wikipedia.org/wiki/Gold_standard
#12
dean3988
but, why don't we wack the machine on for a few days??


lol lol lol... yes, interesting thought Dean m8, good luck with that one, let me know how you get on.....:-D
#13
tinkerbellsteve;4642026
you can only print as much money as can be covered by the gold supply ie £2000,000,000,000 pounds worth of gold equals £2000,000,000 of quid printed.


Not true anymore.









oh yeah and LOL @ thread
banned#14
Even if they did print more money, you still have to get it.
Earn, win etc.
They won't just give it out on street corners.
#15
The Problem with Printing Money

August 7th, 2008 | economics -

Readers Comment. the obvious question is why doesn’t the bank of England just print the money instead of borrowing the money?

Many often ask why government’s don’t print more money to deal with the problem of National debt.

The reason is that printing more money doesn’t improve economic output in any way. It merely causes inflation.

Suppose an economy produces £10million worth of goods. e.g. 1 million books at £10 each.

If the government doubled the money supply, we would still have 1 million books but people have more money. Demand for books would rise and firms would push up prices.

The most likely scenario is that if money supply was doubled. we would have 1 million books sold at £20. The economy is now worth £20million rather than £10million. But, the number of goods is exactly the same.

We can say that the increase in GDP is a money illusion. - True you have more money, but if everything is more expensive, you are not any better off.

If the government printed more money. It would create inflation. The price of goods would rise, it would have to increase benefits and wages inline with inflation. Government spending would rise because of inflation. Borrowers would require higher interest rates to buy bonds. Printing money would not solve the problem but create additional problems of inflation.
Printing more money is exactly what Weimar Germany did in 1922. To meet Allied reparations, they printed more money; this caused the hyper inflation of the 1920s. The hyper inflation led to the collapse of the economy.

However Printing Money Doesn’t always cause Inflation

In a recession with periods of deflation, it is possible to increase money supply without causing inflation.

This is because the money supply depends not just on monetary base but also velocity of circulation. For example, if there is a sharp fall in transactions (velocity of circulation) then it may be necessary to print money to avoid deflation.
#16
Pluun
Even if they did print more money, you still have to get it.
Earn, win etc.
They won't just give it out on street corners.


They do on some -
#17
i agree
everyone is talking about recession whereas the answer is so simple:
just print out a billion £'s and there will be no more recession
#18
hashman
i agree
everyone is talking about recession whereas the answer is so simple:
just print out a billion £'s and there will be no more recession


ffs...put this man in the Oval Office...or at the very least make him Secretary General of the United Nations...!!!!

Immediately I say!!! lol
banned#19
Does this match the betting idea thread for stupidity? Don't worry dean as soon as you get your P45 from mcdonalds you'll become smart again it's included in the envelope they give you back
banned#20
kelly_o_fanatic
Thats what happened in Germany after the first world war, and money became worthless. People had to collect their wages in wheelbarrows, and by the time they got to the shops it wouldnt even buy them a loaf of bread.

http://www.bitsofnews.com/images/graphics/economy/weimar2.jpg
Kids playing with bundles of worthless money

http://www.uoregon.edu/~dapope/410jan12_files/image001.jpg
Money being used as wallpaper


i was going to say it was cheaper to wallpaper with real money than buy paper.
#21
LMAO @ Dean!

You should go back to year 4 TBH.

IMO this thread is on par in 'stupidness' with Levis24's betting thread.
#22
http://img5.imageshack.us/img5/9869/printingmoney.jpg
banned#23
just humour me here dean, but once the money is printed what do you think the next step would be?
#24
If you print out billions of pounds everyone will be billionaire's.

Noone will be able to buy or sell anything becuase people do not need to buy or sell anything becuase they have enough money not to buy or sell things.

Capiche?
banned#25
borolad94
If you print out billions of pounds everyone will be billionaire's.

Noone will be able to buy or sell anything becuase people do not need to buy or sell anything becuase they have enough money not to buy or sell things.

Capiche?


bless :giggle::giggle:
#26
sassie
bless :giggle::giggle:


Is that not right?
#27
Do you work for the goverment?
#28
borolad94
If you print out billions of pounds everyone will be billionaire's.

Noone will be able to buy or sell anything becuase people do not need to buy or sell anything becuase they have enough money not to buy or sell things.

Capiche?


^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

Wow, that post is almost as stupid as Dean's OP.

Do not take Economics or Business for GCSE when you get there 'cos you will fail misrably.
#29
borolad94
If you print out billions of pounds everyone will be billionaire's.

Noone will be able to buy or sell anything becuase people do not need to buy or sell anything becuase they have enough money not to buy or sell things.

Capiche?


Not quite... but nice try...

Slightly better understanding than the OP... :whistling:
#30
The JFK
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

Wow, that post is almost as stupid as Dean's OP.

Do not take Economics or Business for GCSE when you get there 'cos you will fail misrably.


Blame my stupid dad for telling me that then.
#31
Hahahaa LOL, dont worry BL94
#32
borolad94
Blame my stupid dad for telling me that then.


No, I blame you for believing him.

He hasn't told you the world is flat, has he?

(And BTW I don't believe that he told you that as surely an adult could not be that stupid)
banned#33
borolad94
Is that not right?


dont worry about it , its not something you need to worry yourself over:thumbsup:
#34
borolad94
If you print out billions of pounds everyone will be billionaire's.

Noone will be able to buy or sell anything becuase people do not need to buy or sell anything becuase they have enough money not to buy or sell things.

Capiche?


And a loaf of bread and pint of milk will be a billion pound to buy-God knows what Sky subscription will be then ! :thumbsup:
#35
borolad94
If you print out billions of pounds everyone will be billionaire's.

Noone will be able to buy or sell anything becuase people do not need to buy or sell anything becuase they have enough money not to buy or sell things.

Capiche?


What the deuce!?!

So they are billionaires that do not need to buy anything?

Do billionaires not need cars, washing machines, clothes, food?
I can see them not needing to buy food, as they could eat £50 notes for sustenance, possibly wear a suit fashioned from a £10 & £20 mixture, make a car "Papier Maché" style, but what about the washing machine?
#36
I think we now know why the only job dean can get is McDonalds. He fits right in there.
banned#37
Help yourself.

http://www.global-b2b-network.com/direct/dbimage/50340207/Roasted_Peanut_in_Shell.jpg
#38
lol, at tags XD
#39
lucerysmum
And a loaf of bread and pint of milk will be a billion pound to buy-God knows what Sky subscription will be then ! :thumbsup:



yeah and and extra 4 billion per invoice for non direct debit payment
#40
Btw I think you are all being a little mean to Dean.

By way of an apology a few of us had a whip round and manged to raise about £3 "Enjoy"


http://img10.imageshack.us/img10/8403/3pound.jpg

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