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Why can't we just print money to pay off debt?




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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 trust-worthy 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 'pay-off' 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 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. Also, keep in mind that the US owns debt of many other countries. In fact, for every $1 of US debt, the US holds $0.89 of foreign debt. Note: if you're having trouble understanding the whole 'long-scale' and 'short-scale' talk then please read this Wiki article: MUSIC: Hammock Fight - Kevin MacLeod - ( Licensed under Creative Commons: By Attribution 3.0 IMAGES: White House: Matt Wade - Assortment of Money - Flickr users: Nick Ares( Taki Steve ( Kevinzim ( (I wrongly credited ZeroOne in the video for the image of the Zimbabwean dollars, it's actually from Wikimedia Commons, and in the public domain) Wikipedia Articles: Hyperinflation - Hyperinflation in Zimbabwe - Zimbabwean Dollar - Hungarian Pengo - Names of large numbers - Helpful YouTube videos: 'Who much money is there in the world' by Vsauce - 'Understanding the National Debt and Budget Deficit' by John Green of the Vlogbrother - Clip art from FOLLOW ME ON TWITTER: