No more Blub for me, thank you, Vicar.
Tim Driven Development | Test until the fear goes away
chris webster wrote:Because that would lead to hyperinflation, as it did in the Weimar Republic in the 1920s.
Jude Niroshan wrote:
Why the heck that a poor countries can not print money as much as they want? And they can exchange them with other foreign countries. Huh? What is wrong there? Any idea about it?
Adam Scheller wrote:[...people were using the bills for other purposes as ie. wallpapers or for cheap house warming.
No more Blub for me, thank you, Vicar.
Jude Niroshan wrote:Why the heck that a poor countries can not print money as much as they want? And they can exchange them with other foreign countries. Huh? What is wrong there? Any idea about it?
Does the mosquito on the notes represent bleeding the country dry?Adam Scheller wrote: . . . Here is a good modern example of massive money creation . . .
Adam Scheller wrote:Henry, the best example of what you have mentioned is the exchange between US dollar and yen. Japan is well known for helping keeping the exchange rates on the levels that make their export profitable for other countries.
Also note that inflation isn't always a bad thing. And having a high exchange rate isn't always a good thing either.
For example, the exchange rate between the US Dollar and the Euro has gotten almost equal. This is, of course, likely caused by all the Austerity stuff that is going on in Europe. This is great for shopping in Europe. My US dollars can buy a lot more. Stuff outside of the US is much cheaper, and hence, US companies that does international trade have lower costs for goods.
On the other hand, exports will suffer -- US goods are now much more expensive. It is still the same price in terms of US dollars, but it is now much more expensive to get the dollars to purchase the goods.
OCAJP Java 8, OCPJP Java 8
Highly unlikely. World economics are so complex that nobody has any proper control over it. A Government can try to control money supply in its own country, but even that does not always work.Jude Niroshan wrote: . . . does this mean that US government is actually controlling the money spread, all over the world?
Campbell Ritchie wrote:
Highly unlikely. World economics are so complex that nobody has any proper control over it. A Government can try to control money supply in its own country, but even that does not always work.Jude Niroshan wrote: . . . does this mean that US government is actually controlling the money spread, all over the world?