Why not just print dollars?

[Brunus]

Well... I'm a little aged, and to see how difficult is for people to understand some basic principles is very hard.
Money - any kind of money: dollar, bitcoin, euro, or whatever you consider "money" - it's a REPRESENTATION of value, it's just a symbol.
I mean: if you win a competition at the olympic games, you get a golden medal.
But if you buy/steal/find a golden medal, it doesn't mean you are a champion!!!!
Is it so difficult to understand?

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[edward1105]

I think that the more they print dollars the more they create their own debts and the value of the dollar will keep decreasing.

[DPrillio]

Well... I'm a little aged, and to see how difficult is for people to understand some basic principles is very hard.
Money - any kind of money: dollar, bitcoin, euro, or whatever you consider "money" - it's a REPRESENTATION of value, it's just a symbol.
I mean: if you win a competition at the olympic games, you get a golden medal.
But if you buy/steal/find a golden medal, it doesn't mean you are a champion!!!!
Is it so difficult to understand?

Yes, printing money without authorization of central bank is illegal or act of stealing and it makes you goes to prison, because every country's money represents the current assets of the country and it always be regulated by the central bank. Even the government cannot easily print money and give it to its people to make there life at ease for the reason that if all the people in a country has lot of money then the supply of goods will decrease because they already more capable of buying things so the demands is more increasing so the tendency is prices will goes more high.

[Cryptophorus Columbus]

Well... I'm a little aged, and to see how difficult is for people to understand some basic principles is very hard.
Money - any kind of money: dollar, bitcoin, euro, or whatever you consider "money" - it's a REPRESENTATION of value, it's just a symbol.
I mean: if you win a competition at the olympic games, you get a golden medal.
But if you buy/steal/find a golden medal, it doesn't mean you are a champion!!!!
Is it so difficult to understand?

Yes, printing money without authorization of central bank is illegal or act of stealing and it makes you goes to prison, because every country's money represents the current assets of the country and it always be regulated by the central bank. Even the government cannot easily print money and give it to its people to make there life at ease for the reason that if all the people in a country has lot of money then the supply of goods will decrease because they already more capable of buying things so the demands is more increasing so the tendency is prices will goes more high.

Actually, who prints illegally money are just governments, because - as any economy student knows - it's a common way to put an hidden tax by rising inflation. Now there is more control from International Monetary Fund, but the temptation to print money to "solve" something is always present

[francojon]

...

There's an argument, that I have seen explored a little at Zero Hedge, that printing money would be better than taxation.

This is an exotic argument that I have not had a chance nor even the ability (yet) to properly wrap my brain around with it.

A first thought:

Eliminating taxation, of course, would likely anger the poor (they pay low taxes, except various consumption taxes).  Envy and resentment would likely prevent this idea of eliminating taxation altogether.

*   *   *

I am already convinced that gold ought not be linked to currency (that is, no "Gold Standard").  A Gold Standard would function poorly IMO.  Gold's best and highest value use is as a Store of Value.

Gold <> Money in that sense.  Most define money as roughly filling three roles: Unit of Account, Medium of Exchange, and Store of Value.  But, we are perhaps soon at the point of monetary failure, the US$ will not (cannot) fulfill those three roles of "money".

Indeed printing money is a way of unavoidable taxation, but that tax is unevenly spread as cheap money favours the debtors over the lenders and that is something that most governments are not willing to accept.

[Lupus Solitarius]

Well, this kind of questions make me smile, but make me also to realize how little the average guy knows about economy (and I suspect that at least 80% of people would agree that to print more money could be a good idea...)
There is no sense to give an answer, moreover that other people have already explained what the problem would be..
But really, I think that school should be implement at least a basic economics course from the first year of learning.

[Andrej Peiboski]

Well, this kind of questions make me smile, but make me also to realize how little the average guy knows about economy (and I suspect that at least 80% of people would agree that to print more money could be a good idea...)
There is no sense to give an answer, moreover that other people have already explained what the problem would be..
But really, I think that school should be implement at least a basic economics course from the first year of learning.

I agree, but I supect that governments keep deliberately people in ignorance about economic topics.
As Hery Ford stated, if population understood econony, they would start immediately a revolution.
So, in the meanwhile I agree with you, I'm very skeptic about the real possibility this will happen.

[Myangel20]

I think its not a nice thing to print dollars. If we all can print dollar. No people will farm our foods or work in factory or other business.

[fitty]

Printing dollars or any kind of money has a corresponding consequences and facts you need to consider,for what i know the banks need same valued golds till they print the paper money (this is what my friend says and he is working on abank).But in short printing dollars carelessly will result to all negative

[chickenado]

Well, this kind of questions make me smile, but make me also to realize how little the average guy knows about economy (and I suspect that at least 80% of people would agree that to print more money could be a good idea...)
There is no sense to give an answer, moreover that other people have already explained what the problem would be..
But really, I think that school should be implement at least a basic economics course from the first year of learning.

I agree, but I supect that governments keep deliberately people in ignorance about economic topics.
As Hery Ford stated, if population understood econony, they would start immediately a revolution.
So, in the meanwhile I agree with you, I'm very skeptic about the real possibility this will happen.

we  cant really print dollar because dollar is sailed by the government and thier  central bank so then of we just print our own dollar we will be punished by the police in prison because you dis obey the law and you can really make a payment on that dollar is not just a  paper it is a  money that has a corresponding value that sailed by the government.

[CarnagexD]

https://www.youtube.com/watch?v=wpW_KMHlAmo

Why borrow dollars and then pay back by printing them?

Why take the long way around?

Well, that is not how it goes. You can not just print money as many as the government wanted. It will break the balance of exchange, Printing of money depends on the gold or dollar reserves in the world bank. That is why normal currency is centralized and controlled by security and exchange laws. Production of physical money goes through a systemic process before it is done.

[carlisle1]

In order to print or make your own money you need to build an audience that will trust and accept it. Any tender legal or otherwise only has value because a certain group of people put value in it.

at the end of everything,still printing more than needed wasn't applicable,if we print more than what the circulation demands.the value of the currency will drop ans sooner will go.because everyone has money by overprinting.so better not to bother thinking about this.and lets just do our part here in crypto

[Lupus Solitarius]

When I see this kind of questions, I understand why it is so easy for politicians to deceive the citizens.
I think it's should be our duty - in the meanwhile we are promoting bitcoin - to take any occasion to explain the basics of the economy.
In our own interest.

[ASHLIUSZ]

Just think of our bitcoin, the interesting thing about bitcoin is the limitations in the number of coins to be mined. Same is with the dollar, if they print of their own and distribute it won't have value same as that it have. When something is available beyond the necessity it'll be valueless.

[taeewo]

https://www.youtube.com/watch?v=wpW_KMHlAmo

Why borrow dollars and then pay back by printing them?

Why take the long way around?

They will definitely be an inflation when there is too much printing..

[Ronaldcoin2017]

https://www.youtube.com/watch?v=wpW_KMHlAmo

Why borrow dollars and then pay back by printing them?

Why take the long way around?

They will definitely be an inflation when there is too much printing..

Well we  cannot really just print a dallor because dollar is a government property anf it should be sailed by the government and there is really a sailed to its validity maybe we can print dollars but it is no value because it is just a ordinary paper while the government dallor is really the true dollar we can really print dollar but it is called fake  because it is not from the government.

[avoroch]

https://www.youtube.com/watch?v=wpW_KMHlAmo

Why borrow dollars and then pay back by printing them?

Why take the long way around?

Are you serious? We discuss here legal issues only

[Frustrated]

Printing dollars is bad for the economy. Too many dollar circulating in the market is not good. And if anyone can print dollar. Noone will work. Everybody will print dollars to spare.

[Sled]

https://www.youtube.com/watch?v=wpW_KMHlAmo

Why borrow dollars and then pay back by printing them?

Why take the long way around?

They will definitely be an inflation when there is too much printing..

Well we  cannot really just print a dallor because dollar is a government property anf it should be sailed by the government and there is really a sailed to its validity maybe we can print dollars but it is no value because it is just a ordinary paper while the government dallor is really the true dollar we can really print dollar but it is called fake  because it is not from the government.

If we will just print dollars then it will be a huge problem for us and not only to the government. We can experience a worthless fiat or currency because the inflation will be a huge problem so that is why the regular currencies are not the best to use for the future because they are exposed in inflation and the trust of the people are the only reason why it have a value.

[Semosuchi Tesongrato]

Well, when I sustain that there is a big need of general financial education, it seems that I have good reasons...
It's not worth to answer of course; all what I can say is: go on wikipedia and search the word "inflation".