Why Cant We Just Print Money to Pay Off Debt
A video looking at way you can t 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 isn t necessarily a bad thing. The only reason the US has the most debt is because the US dollar is considered the most trustworthy currency and other countries see the US as a safe place to put their money. 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 it s actually not something that s an issue. The US will never payoff its debt because that s not how it works. National debt only becomes an issue if GDP isn t growing, which it is. A more accurate way to see when the debt is an issue is the debtGDP ration. In which the US is fine in that respect. Whereas Greece and Japan have debtGDP ratios of over 150, which is bad. Also, keep in mind that the US owns debt of many other countries. In f
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