Why can't governments just print loads of money to get out of debt?

Why can't governments just print loads of money to get out of debt?

I understand it would create inflation, but if you had say.. 300B of debt, if you printed 800B of money you could easily pay off that debt

Attached: dont laugh.jpg (500x375, 27K)

Why not just make a crypto currency instead? You could even use government funds to hype the shit out of it, pump it, then dump it to pay everything off.

its not a bad idea

The debt levels that countries are now facing are too high and would turn their economy Venezuela tier if they used this tactic.

Printing is not doing anything but stealing from your populace.

but with all the debt paid off the government could afford to compensate the poorest people and still have money left over

Money that is now worth less than the paper it's printed on

but then they could stop printing money and the economy would stablise at the new value of money and there would be no debt

this is actually viable

user.. you say
>I understand it would create inflation
But I don't think you really do understand
>Printing that much money would create inflation at such a ridiculous fast rate that the currency you're using to pay off the debt would be devalued faster than you could PRINT IT, meaning the more you print the harder it is to pay off the debt!!

Attached: 1542273613695.jpg (460x368, 25K)

Attached: 1543610953647.jpg (1242x1161, 143K)

what if your government printed it all in secret and paid it off all at once

No it would not since we live in a global marketplace and you either need to import goods at the external market price (which priced in your shitty fucking dollars will be unaffordable) or any domestic producers will just sell abroad for real currencies instead of selling domestically for your shit currency.

There's a reason that only 80-IQ nigger shithole nations try this solution, and that's mainly becuase it doesn't work

Because raising the debt ceiling maintains the value of a countries economy (in the medium term) without devaluing its currency at all.

Attached: 1423540737643.png (528x774, 229K)

what if you were in a very poor country that is largely self sufficient/or forced domestic producers to sell locally, didn't the roman empire debase the currency which is the same kind of thing

One reason a government will debase its currency is financial gain for the sovereign at the expense of citizens. By reducing the silver or gold content of a coin, a government can make more coins out of a given amount of specie. Inflation follows, allowing the sovereign to pay off or repudiate government bonds

This is one of the most brainletish threads I've ever seen on Jow Forums

At least pink wojak and linkies are ironic

Do you sincerely believe that banks aren't the ones printing the fucking money?

Pretty sure Weimar Germany tried this shit to pay off the debt they had after losing World War 1. It only led to hyper-inflation and an Austrian painter with a funny moustache.

governments can't print money sweetie, plus central banks are already printing "in secret" to finance off-the-books deals
>why print when you can just enslave people more and more into debt

what if they print billion dollar bills

They do. It's called US Treasuries.

>here's your controller, bro
Jow Forums is now on par with top African economics

Attached: 1546490363421123315313122772.jpg (1756x892, 598K)

>Print $300 quadrillion dollars
>Give $1 billion to every US citizen
>Everyone's a billionaire
>No one needs to work anymore
>Utopia

this

Attached: south-africa-govt-says-it-will-print-more-money-and-31441613.png (500x553, 119K)

When you have really shit the bed and you need to spur on economic growth you can do this and countries that aren't pegged to the USD do. Though it's done through lowering interest rates which has an immediate and much more calculated affect (quantitative easing). Some inflation is good as you can pay off the debt easier also it forces people to spend rather than save their money. Problem is in the long run you fuck yourself and only end up with inflation as no real growth occurred. This is what intro macro taught me anyway.....