If our country is in debt, why don't we make it legal for our mint to print off a load of money and put it on the world market & pay it off?
by 
j-man
ANSWERS: 3
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The more oney that is minted the less value it has on the world market. If they did what you suggest, the dollar would be worth very little like the Mexican peso, which is already a problem today, that the dollar is becoming weaker on the world market. If the dollar devalues too much, foreigners could come into the country and buy up property, businesses, etc. even easier than they do now.
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Buddy we already do that with the federal reserve, and no thats *not* a good thing. It devalues the money, it's called inflation, you cant make something out of nothing without ruining the value of whats already there.
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After WWI Germany tried this and the inflation, or in this case hyperinflation, was so bad that two US dollars were worth one quintillion (1,000,000,000,000,000) German marks.
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