Should the Bank create more money?
| Author | Message |
|---|---|
| bat1984 Bleeding on the Floor  Age: 39 Gender: Female Posts: 1885 | |
| sir_pleb Jazz Hands  Age: 33 Gender: Male Posts: 303 | No. The theory is there but every example of printing money as a reaction to economic troubles has just resulted in massive inflation. See Weimar Republic and Zimbabwe. Realistically, they shouldn't have even mentioned this. Every example of it has been a disaster. Doing it will not help and not doing it now will cause even more loss of confidence. The government should take a step back, they've done pretty much all they can in lowering the interest rate, the only other option is to force the banks to lend. It'll take time for the interest rates to have an effect. Another problem is that the public seems unwilling to borrow, as they think it's the reason for the recession without realising that encouraging borrowing by lowering interest rates is the government's only tool against the decline that doesn't include bailing out firms with tax money. We'd probably be better off joining the Euro than printing money. |
| girl interrupted. Salute You in Your Grave  Age: 29 Gender: Female Posts: 2792 | i asked my mum this question, and she said a load of stuff i didn't understand. apparently, though, they've just printed £75billion. :/ but she works in a bank, and it's not just the public being unwilling to borrow - they're trying to but their applications are just being turned down. but her argument, which i kinda get, that you can't just 'print more money', because it's got no value, and it's just paper. because you're not introducing funds, you're introducing currency, which are both different. i probably sound a bit thick, because i'm fourteen, and fair play, what do i know about the economy? but i don't think they should've printed off more money. it just doesn't seem like it's going to work. it's gonna make the pound worth less and less. and notes are backed up by gold, and we don't have the gold, so i don't see how it's gonna do any good for the economy. :/ |
| Go fuck yourself Devil's Got Your Number  Age: 30 Gender: Female Posts: 37823 | ^ yeah, to be able to make a dollar worth a full dollar, you have to be able to coin it up. if you can't do that, it'll have no value. I don't know whats going on in England, but I do know whats going on with the US and the world, the whole worlds economy is deflating, but England would not be helping only contributing to the problem through this awful idea |
| Fatatio Bulletproof Heart  Age: 33 Gender: Female Posts: 26349 | i guess that following this way, there would be a strong inflation... I mean, the cost of the money will be even more less...i'm not an economist, but i believe that it's going to happen soon... I think that if banks start to make money, it should be something like a "militar secret", the population shouldn't know that... Ok, it's not so clear...but i tried! |
| Joan Greenwood Killjoy  Age: - Gender: Female Posts: 78 | A sad, desperate attempt at stopping the slowdown. What needs to happen is to make all the banks in public ownership to comply with their rules or withdraw all funds. We need to get hardline on this crap. |
| Go fuck yourself Devil's Got Your Number Age: 30 Gender: Female Posts: 37823 | ^ no what needs to be done is the banks need to stop giving out so many stupid loans, or be more careful about who they loan that money too. If you look at some of the things brokers and banks let people do, only to foreclose them afew months down the road, it was idiotic what that person was doign with the money, but it was awfully poor judgement on the banks part cause they knew WHAT the idiot would do. |
| Joan Greenwood Killjoy Age: - Gender: Female Posts: 78 | Decimated Stars:That is a good long-term stratagem but at the moment, the banks are holding onto all governmental hand-outs and it's not helping. If they were made to share the money then it will help. |
| Go fuck yourself Devil's Got Your Number Age: 30 Gender: Female Posts: 37823 | Joan Greenwood: Oh no doubt. In fact, how the bank was loaning out money should have been even more carefully watched on what they did with the money, people shouldn't have been allowed to rack up huge debts on thier credit cards, hell we should have watched how the government was carelessly throwing money around. But for right now thats all too late, but we could always try to turn it around. We could learn from our mistakes. Honestly, I'm starting to et really optimistic about the future and President Obama is really giving me hope, he's quite promising |
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