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Kabore
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| Joined: 27 Dec 2010 |
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pepper0
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| Joined: 01 Sep 2007 |
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| 18 Mar 2012 08:22 AM |
That is called inflation.
Stupidest way to pay off anything.
The more money you make, the money is worth much less than it was before.
We would end up just like the Weimar Republic. |
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DahGuest
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| Joined: 28 Dec 2011 |
| Total Posts: 78 |
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| 18 Mar 2012 08:51 AM |
| LADIES AND GENTLEMEN, WE HAVE A GENIUS! |
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| 18 Mar 2012 08:52 AM |
| The weimar republic tried that and completely destroyed Germany's economy. |
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| 18 Mar 2012 08:54 AM |
Because if the government gave billions of dollars to poor people Stockbrokers would be homeless.
You catch my drift? |
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| 18 Mar 2012 09:19 AM |
| Take all of Bill Gates' money and use to pay the debt. |
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Yobobo10
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| Joined: 14 Oct 2009 |
| Total Posts: 3711 |
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| 18 Mar 2012 10:45 AM |
| I never knew OP was chancellor of post- war Weimar Republic. |
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| 18 Mar 2012 11:06 AM |
| Because the more money we have, the less it will be worth. If we had billions of dollars, a dollar wouldn't be much. Besides, unless the government did it, which you didn't state yet, it would be counterfeit unless approved by the government. |
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Twigs180
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| Joined: 10 Mar 2008 |
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| 18 Mar 2012 12:35 PM |
| Weimar Republic didn't inflate its own money, it had to pay all its debts off in gold, which weakened its dollar. |
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0Z0NE
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| Joined: 25 May 2010 |
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sinii
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| Joined: 30 Sep 2011 |
| Total Posts: 15218 |
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| 18 Mar 2012 01:46 PM |
| You want our economies to be inflated, just like Germany's before Hitlеr was elected? Not a good idea. |
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| 19 Mar 2012 07:41 AM |
@Twigs The Weimar Republic did suffer from inflation. It kept printing more and more bank notes to pay it's debt. |
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dav200
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| Joined: 18 Nov 2007 |
| Total Posts: 1049 |
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| 19 Mar 2012 08:07 AM |
| The only way to get rid of the debt is to restart the economy, but we don't want to do that because we have to get the jobs too. |
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0Z0NE
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| Joined: 25 May 2010 |
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Twigs180
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| Joined: 10 Mar 2008 |
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| 19 Mar 2012 11:47 AM |
The Weimar Republic did suffer from inflation. It kept printing more and more bank notes to pay it's debt. - No. Many people think they hyper-inflated their economy. It was a lack of gold that killed the paper mark since it was put at 8.7ish paper marks to 1 USD.
http://en.wikipedia.org/wiki/Gold_mark
They had to pay 132 billion of these for reparations, which took gold away from Germany, which thus devalued this
http://en.wikipedia.org/wiki/German_Papiermark |
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| 19 Mar 2012 11:54 AM |
The Weimar republic suffered for a number of reasons. First of all, the first world war cost a lot of gold, this made the mark worth like, 5 marks to a dollar. After the grossly unfair treaty of Versailles, a lot of industrial regions were ceded to other countries, meaning there were less goods in the German economy. So the goods were worth more, you see? Then, the French invade the Ruhr because Germany had not been able to pay its reparations, and the French collected the reparations in goods. With its production lands stolen, and so there wans't much money being made, which in turn meant that Germany could not pay tis reparations. The Weimar government began to print money to give to the Ruhr workers who conducted passive resistance. With more money being printing to pay the Ruhr workers, less goods in the economy, and so forth, the mark inevitable began to lose a lot of value. The government kept printing and printing money as when the money was given to the Ruhr workers, it was worth less, and more had to be distributed aroudn the economy to keep balance. So basically, it was a never ending spiral, only it did end (with th eintroductino of the Rentenmark.)
Hope this helps. |
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PHARA0H
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| Joined: 14 Dec 2009 |
| Total Posts: 30 |
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| 19 Mar 2012 12:13 PM |
| At a glance this seems like a good idea, but it's essentially worse. If you give everyone money, the money will be worthless. The government would loose money from this. As someone said, its inflation. |
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| 19 Mar 2012 05:08 PM |
| You can't just start Printing off money to pay off the nation's debt, it doesn't work that way! Money would equal less value, and It's a retarted idea to have Bill Gates just pay the nation's debt, NOT even he could pay the $15,519,140,875,931 dollars of debt USA is in. So, Let's Sum this up. Printing off money would not solve our nation's debt Problem. |
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0Z0NE
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| Joined: 25 May 2010 |
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