Why cant we just print money to pay off debt?

  • 7 лет назад
A video looking at way you cant simply print money to pay off debt. And what has happened when countries have tried to! And for that matter why a country having debt isnt necessarily a bad thing. The only reason the US has the most debt is because the US dollar is considered the most trust-worthy currency and other countries see the US as a safe place to put their money. \r
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It would be worse it countries started buying debt of other countries and stopped putting into the United States. The debt may be a lot but its ually not something thats an issue. The US will never pay-off its debt because thats not how it works. \r
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National debt only becomes an issue if GDP isnt growing, which it is. A more accurate way to see when the debt is an issue is the debt-GDP ration. In which the US is fine in that respect. Whereas Greece and Japan have debt-GDP ratios of over 150%, which is bad. \r
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Also, keep in mind that the US owns debt of many other countries. In f, for every $1 of US debt, the US holds $0.89 of foreign debt. \r
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Note: if youre having trouble understanding the whole long-scale and short-scale talk then please read this Wiki article: \r
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MUSIC:\r
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Hammock Fight - Kevin MacLeod - (incompetech.com) \r
Licensed under Creative Commons: By Attribution 3.0\r
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IMAGES:\r
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White House: Matt Wade - \r
Assortment of Money - epSos.de\r
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Flickr users:\r
Nick Ares(\r
Taki Steve (\r
Kevinzim (\r
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(I wrongly credited ZeroOne in the video for the image of the Zimbabwean dollars, its ually from Wikimedia Commons, and in the public domain)\r
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Wikipedia Articles:\r
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Hyperinflation - \r
Hyperinflation in Zimbabwe - \r
Zimbabwean Dollar - \r
Hungarian Pengo - \r
Names of large numbers - \r
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Helpful YouTube videos:\r
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Who much money is there in the world by Vsauce - \r
Understanding the National Debt and Budget Deficit by John Green of the Vlogbrother - \r
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Clip art from \r
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