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Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: sirty143 on April 14, 2020, 05:07:13 AM

Title: Why Printing Money Is Not the Solution to Failing Economies
Post by: sirty143 on April 14, 2020, 05:07:13 AM
Why Printing Money Is Not the Solution to Failing Economies

(https://s32659.pcdn.co/wp-content/uploads/2020/04/BIC_EASTER_EGG_HUNT_btc_rescue_fed_liquidity-750x375.jpg.webp)

The world’s central banks are scrambling to keep their respective economies afloat, and the weapon of choice appears to be the manufacture of more money... See more for yourself here (https://beincrypto.com/why-printing-money-is-not-the-solution-to-failing-economies-opinion/).

Your opinion is greatly appreciated.
Title: Re: Why Printing Money Is Not the Solution to Failing Economies
Post by: fulled on April 14, 2020, 08:54:17 AM
Simple because, in long run, printing money make value of the money itself reduce, it will make people poorer, thats why its not good for enomony in long run
Title: Re: Why Printing Money Is Not the Solution to Failing Economies
Post by: ShadowCrypto on April 14, 2020, 10:06:59 AM
If it were such a simple solution, there would be no reason why no professional would have thought of it yet; this is what the layperson must really question.
Title: Re: Why Printing Money Is Not the Solution to Failing Economies
Post by: tervel on April 14, 2020, 12:26:04 PM
Events in the world like a coronavirus provide further support for the power of money creation to boost economic growth. In Japan, an aggressive program of money printing has started pulling that country out of its two-decade-long economic slump.
Title: Re: Why Printing Money Is Not the Solution to Failing Economies
Post by: Alcor on April 14, 2020, 07:12:02 PM
Paper money must be printed in any state in the amount of available and produced goods. In order not to engage in barter transactions, various forms of money were invented, which, in fact, are substitutes for the commodity values themselves. If more money is printed and it is not affixed with commodity values, inflation will increase. Therefore, significant printing of money does not actually solve any problems.
Title: Re: Why Printing Money Is Not the Solution to Failing Economies
Post by: Fenix on November 03, 2020, 10:41:26 PM
Quote from: Alcor on April 14, 2020, 07:12:02 PM
Paper money must be printed in any state in the amount of available and produced goods. In order not to engage in barter transactions, various forms of money were invented, which, in fact, are substitutes for the commodity values themselves. If more money is printed and it is not affixed with commodity values, inflation will increase. Therefore, significant printing of money does not actually solve any problems.
It's right. In general, the amount of paper money does not solve anything. Paper money must itself replace the exact amount of the price of all material resources of the state that can be in circulation. Paper money is, in fact, IOUs of the central bank of the state, the right to purchase goods for the amount of the denomination indicated there.
Title: Re: Why Printing Money Is Not the Solution to Failing Economies
Post by: debra on November 03, 2020, 11:16:16 PM
Even printing money isn't the solution, but printing money cannot be separated from human life. Well, Bitcoin may become the solution, but Bitcoin cannot fulfill the needs of printing money. For me, the solution may be using Bitcoin and Fiat together to strengthen the world's economic and financial condition.
 
Title: Re: Why Printing Money Is Not the Solution to Failing Economies
Post by: TomPluz on November 04, 2020, 10:01:53 AM
Printing money is an easy solution and is always available at the fingertips of people in the helm of the government. Plus we know that almost all central banks are doing it so it has become like a fashionable trend for anyone to participate on. Of course, this is a very myopic approach to solve economic problems and gains short-terms can be outstripped by negative gains in the future. Well, we all live for now anyway that is printing money has become an accepted solution.
Title: Re: Why Printing Money Is Not the Solution to Failing Economies
Post by: MrSpasybo on November 04, 2020, 10:31:53 AM
Printing extra money is just the initial solution because it's easiest to do. This may give the economy more incentive to grow, but if that development produces less goods than the printed amount of money, inflation will take place and the economy will be worse.
It is the fact that governments can freely print more money that makes the currency lose value has become one of the motivations for Bitcoin to be born and survive to this day.
Title: Re: Why Printing Money Is Not the Solution to Failing Economies
Post by: Astra on June 24, 2022, 08:10:18 AM
Printing money is not so bad if it is carried out in moderation, subject to economic rules and aimed at economic development. The term of "life" of paper money is approximately 2-3 years, after which they require replacement. This is one of the disadvantages of paper money. Especially, the shortcomings of paper money were noticed during the coronavirus pandemic after it was revealed that they were capable of carrying this virus. That is why governments have become interested in the possibilities of cryptocurrencies, and also accelerated the adoption of their CBDCs.