Is COVID-19 an excuse for governments & central banks to print money?

[XCANA]

The printing of fiats notes from the government shouldn't be an issue during the pandemic (as we're still living inside the situation) because they the government are trying to carter for their citizens due to the havoc the COVID-19 caused. Though the government printing more money could cause hyperinflation but believe me that these guys understand the system than we. 

[mersal]

Government doesn't want you to give freedom and they always wanted to financial inequality among people then only people in the power can make money and let the others do what they wanted.They create the problems and they will try to give the solutions to it.So this covid 19 is like an financial reset but its just a theory with no proof and never can be.

[oHnK]

The central banks don't have any other option. Many of the countries have announced huge stimulus measures. The United States alone expects the stimulus spending to be in the $3 trillion range. So from where this much money will come in? In the end, the central banks need to print all this money as the tax revenues and other receipts are not enough to cover even a small part of it.

It is not that to overcome this pandemic an alternative besides printing money, it can be with other approaches, there are many types of monetary policy that can be implemented by the central bank.  Printing money to tackle this pandemic is not a common practice in the economy.  Because by printing money, the government must really control the money that has been printed. There will be many problems if printing money is not supported by strict supervision.  There are many people who will take advantage of this opportunity, greedy politicians and officials, and there are many others.  It is a fact that has been done in my country, printing money can cause inflation of up to 67% because the distribution of money is not going well because many unscrupulous individuals take advantage of this situation.  This is a hard lesson for my country so that currently the government in my country has not yet adopted a policy of printing money.

[vlast01]

Well its not literally an excuse because the government never plan for these to happen from the start, government have to adjust to these crisis in order for a country to survive and also what will be the used of to much supply fiat money if the demand for it is low. 

[DabsPoorVersion]

I don't think so,

We are all experiencing the same situation during this covid-19 issue. I don't think that they are just using this pandemic as an excuse for that reason. They have more problems to be solve first which they need to prioritize.

[CarnagexD]

The printing of fiats notes from the government shouldn't be an issue during the pandemic (as we're still living inside the situation) because they the government are trying to carter for their citizens due to the havoc the COVID-19 caused. Though the government printing more money could cause hyperinflation but believe me that these guys understand the system than we. 

OP must have too much tume reading cinspiracy theories in Reddit. The pandemic is not a cover-up or an excuse fir the government or any entity to take control of the world. That's absurd on so many levels but I appreciate the skepticism. Regardless, the government wouldn't take a tactic that they themselves would be aware would one day go against them, like how this pandemic affected the votes on Trump.

[Yatsan]

The essence of having contact tracing/tracing apps is not to remove our rights and privacy for the World Health Organization have also suggested such way to be able to track down people to lessen or control the possibility that all people will be infected so recorded infected individuals are being tracked down with those people he have get in touched into such places where he have last seen so that the mode of infection will be controlled through tracking those certain individuals. The destruction of money due to the fear of bacteria or potential infection will be depending on the country's government. I am not sure but if I am not mistaken, Korea (South or North) or Japan have done such thing of burning their paper moneys at the first month of the pandemic as a way of eliminating those potential carriers but that was I think done once.

With regards to printing money by the government and central banks, covid-19 have been not an excuse but it became a cause why those two institutions have decided to do such although printing paper money would cause possible hyperinflation. It does not became an excuse but a main cause to come up into such decision.

[FlightyPouch]

I think it is not an excuse for them. For me, they didn't know that this will happan, and now that it did they are riding that wave for them to print that money. It think it is not en excuse, I see it as something they are taking advamtage of. That is why a lot of people are hating the government making them more suspicious.

[TopT3ns]

I think it is not an excuse for them. For me, they didn't know that this will happan, and now that it did they are riding that wave for them to print that money. It think it is not en excuse, I see it as something they are taking advamtage of. That is why a lot of people are hating the government making them more suspicious.

governments from various kinds of the world have tried to provide the best solutions to deal with this disaster, so maybe you should be able to change your point of view and position if you become a government then what steps will be taken to overcome this disaster, not necessarily the steps you choose are right and can be supported by the people.

[Sithara007]

governments from various kinds of the world have tried to provide the best solutions to deal with this disaster, so maybe you should be able to change your point of view and position if you become a government then what steps will be taken to overcome this disaster, not necessarily the steps you choose are right and can be supported by the people.

No one knows whether the steps being taken by various governments are suitable or not. We will come to know about it only after the pandemic is over. Countries such as India and Australia have given preference to containing the spread of the disease, even if it means that the economy is negatively impacted. On the other hand, countries such as the United States gave preference to restoring the economic growth (which eventually cost Donald Trump his presidency). The pandemic is still there and as of now we don't know whether the steps being taken will be successful or not.

[Istiaque]

I don't think Covid-19 is an excuse to print money from the government and the central bank. The government can print notes even central banks to print money wants to. Everything in a country depends not only on paper money but much more. On the other hand central banks to print money is also true that reducing the ubiquitous use of big money can increase the transparency of the economy or social life albeit a small one. In many countries of the world the supply of paper notes is being gradually reduced due to all these reasons. But now the central banks including the government are trying to print money to reduce the epidemic.

[Salauddin1994]

The government of each country is taking various steps to prevent this epidemic the rate at which the economy has stagnated can be recovered if the government takes appropriate action whether covid-19 is an excuse for the government and the central bank to print money cannot be said until the effects of the epidemic subside. The virus has caused inflation which has hit central banks hard it is having a negative effect as the investment of money is not done properly with the control of the virus everything will be reduced.

[Vishnu.Reang]

The governments may be printing money, but the impact is not visible in the market. Look at the commodity and bullion prices. Crude oil price is still going at around $40 per barrel, and a number of oil-dependent nations are facing bankruptcy and economic ruin as a result of this. Gold prices have also stabilized at around $1950 per oz. In case the central banks were printing money without any limit, then the prices could have increased further.

[ultrloa]

Just don't think about positive side or listen to someone's opinion regarding on that matters since you will not get any accurate answer if you only ask this to a normal citizens but your question is no basis and the one we can see is the certain experimental action to minimize the spread of the disease and for sure there's no other illegal or other bad things  hiding in that matters. We should be thankful since if there's a certain implementation in regards to avoid the virus it means that the government is working well to fight it.

[Fesatmas]

I also agree with all the theories that you put forward ... because with the Covid 19 period being extended, there will likely be a lot of chaos that will occur in government areas. one of which is related to large-scale printing of money. This has resulted in degradation or shifting which provides space for the community to continue to oppose any policies taken. It may be true that there are several groups taking advantage of the situation during this pandemic. On the other hand, people who experience entrepreneurship feel confused about their work. dismissed, rested, without the same assistance for those who are unemployed due to Covid 19.

[FlightyPouch]

I think it is not an excuse for them. For me, they didn't know that this will happan, and now that it did they are riding that wave for them to print that money. It think it is not en excuse, I see it as something they are taking advamtage of. That is why a lot of people are hating the government making them more suspicious.

governments from various kinds of the world have tried to provide the best solutions to deal with this disaster, so maybe you should be able to change your point of view and position if you become a government then what steps will be taken to overcome this disaster, not necessarily the steps you choose are right and can be supported by the people.

But if that is the case at least I know my priorities and I know how should it be dealt with. I will be asking for help from health sectors and get their ideas, suggestions, or recommendations for this pandemic as they are more knowledgeable than I am. I know it is hard the reason why I will not even try that, either way, they still have these questionable projects and big corruption that happened that until now are not even investigated.

[AniviaBtc]

What do you think their true intentions are?

The current system cannot be fixed, the longer it's kept alive the worse off the world will be.

Humanity has a chance to jump off a sinking ship.

Thank god we have a lifeboat - Bitcoin!

Probably, if they are printing a lot of money and they know that inflation might exist, I think that they also know how to resolve it.

If they make a problem without solution then probably economy will be messed up.

We are really lucky that we are introduced to bitcoin because it has a lot of advantages and benefits that we can get from it if we believe and invest on it.

[CODE200]

What do you think their true intentions are?

The current system cannot be fixed, the longer it's kept alive the worse off the world will be.

Humanity has a chance to jump off a sinking ship.

Thank god we have a lifeboat - Bitcoin!

Probably, if they are printing a lot of money and they know that inflation might exist, I think that they also know how to resolve it.

If they make a problem without solution then probably economy will be messed up.

We are really lucky that we are introduced to bitcoin because it has a lot of advantages and benefits that we can get from it if we believe and invest on it.

The benefit in this case is being free of tax. More likely, taxes will be higher in countries suffering from this pandemic because that would be their coping actions in order to save the economy. Printing more money is also one of the actions they think, will cover the 'damages' and that is right, they did it for a reason and for sure it has been studied out before the actual implementation. On how things will be manged, will determine its impact to the economy because there is a chance for recovery or somewhat stop to downfall of an economy, but also a chance that the situation will be worsen.

[NeilLostBitCoin]

Printing of money will affect the current economic status of a certain country. It will cause inflation if the country has a lot monetary supply, I believe that if they will continue the production of money, the value of it will be lessen, the supply will be change but the value of each will decrease. So printing more money? Is not an answer, maybe using each country's fund is the answer not printing more of it, or they can ask for help from the United Nations.

[nomenclatur]

the bank system always troubles everyone and makes things worse in every country the bank seems to be a place of money and has everything current paper money means less and less every year the bank will print new money and keep increasing inflation will ensnare the poor in the whole world banks only make it easier for the rich.

bitcoin is an investment solution today everywhere people need profit and can survive in any way bitcoin investment solution for a trade where things will get better Everyone needs the right investment, for now, to survive when this pandemic is proven to be expensive bitcoin has gone up dramatically and the large demand in the market makes the price even stronger.