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Recession

I know we're in a crisis right now and Im scared for the future. I just dont understand if the economy is crashing and we're low on money why not make more money? Has anybody else ever thought about this?

Answer Question
 
Krystle21

Asked by Krystle21 at 11:06 AM on Jan. 8, 2009 in Politics & Current Events

Level 1 (0 Credits)
Answers (8)
  • Because of the gold standard. If there isn't money to back up the dollar like gold in the treasury, the value of the dollar drops. That is why the Canadian dollar and Euro are more valuable than the dollar today.
    2-1CavWife

    Answer by 2-1CavWife at 11:11 AM on Jan. 8, 2009

  • bingo 2-1.
    People assume we can just print more...but it doesn't work like that. There has to be something there to back the value..
    mamakirs

    Answer by mamakirs at 11:55 AM on Jan. 8, 2009

  • our buck is worth two cents right now; so putting in your two cents isnt worth anything either lol.
    chickaboom73

    Answer by chickaboom73 at 1:55 PM on Jan. 8, 2009

  • We don't need more money (plus you have to have gold to back the value) we need confidence in purchasing. However, people are saving or just barely making ends meet and unable to spend. The trick is to lower prices, but not too low, because then we have deflation (as in with our homes and cars).
    Fiveofakind2

    Answer by Fiveofakind2 at 3:33 PM on Jan. 8, 2009

  • By making more money you make the money more worthless.
    amyrw

    Answer by amyrw at 10:43 PM on Jan. 8, 2009

  • Life isn't really like a game of Monopoly!!! LOL
    Anonymous

    Answer by Anonymous at 11:34 PM on Jan. 8, 2009

  • try watching the zeitgeist. great movie about this
    Anonymous

    Answer by Anonymous at 12:11 AM on Jan. 9, 2009

  • Even if we printed more money, the value of a dollar would decrease... so instead of say paying 1.29 for a loaf of bread we could be paying 2.59. So it really wouldn't help any even if we did... also see above as to other reasons why we don't.
    xxhazeldovexx

    Answer by xxhazeldovexx at 12:12 AM on Jan. 9, 2009

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