This would cause inflation the more money we put into circulation to cover debt the more inflated money would become. Inflation is where the value of our currency decreases more and more. For example, when people say "back in my day you could get a hot dog and coke for 5 cents" they aren't lying that's just what the value was back then, inflation causes the increase in cost.
This was done in Germany after WWI were the Germans printed moneys to pay for the reparations debt with out the GDP to back there moneys ... Which lead to a depression and the rise of Hitler ...
cause inflation and it decreases the value of the money
borrowed more money
LOL. It used to come from your taxes, but that has all been spent, so now we just print more money, so it comes out of a machine!
Farmers supported bimetallism simply because more money would be in circulation. Therefore, the prices would rise, value of money would decrease, so more people would have money. In the 1800's, farmers had a rough time with debt, therefore more money would mean the value would decrease.
Every state is in some form of debt, some more severe than others of course.
Around $90 if it has the blue print, and worth more than that if it has red print. The red is rare, the blue is more common.
We cant just print more money because we have to mach the money in gold. So if we make more money thin it would be less for later things. (such as wars and disaster response.)
If they simply print more money, it will reduce the value of the U.S. dollar. This is called inflation. This inflation would counteract the added value of the newly printed money, so there would be no net gain.
Because that causes inflation which lowers the value of the money and you end up with the same or lower total amount of value for your money.
print more money
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Examples: If you spend more money than what you have, that is how you get in debt.
borrowed more money
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To just keep borrowing more money money and raising the debt level even further into debt.
To just keep borrowing more money money and raising the debt level even further into debt.
The Government spends more money than it collects.