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Stewart Gault

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Why can't we all just print money to solve world debt?

My knowledge of economics is not great so could someone shed some light onto this.
Surely if every country in the world agrees to print enough money to pay off their debts then once they're all payed nothing has actually changed. All of a sudden those who are owed money would have it, and the countries who had borrowed the money wouldn't be any worse off as they'd just printed all the money.?

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  • Stewart Ellis

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    Jun 22 2012: Because that would cause inflation, making money invalid so technically money would become worthless meaning the work force would be paid fake money to produce goods with no value what so ever. It's a beautifully and utopian idea however it can never happen sadly.

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