Post
Topic
Board Economics
Re: Question about inflation and debt.
by
NathanJB
on 26/01/2020, 03:16:15 UTC
If a random country is in debt, is printing money a good way to pay it off at the expense of the citizens?

For example, lets say you owe an entity $100. If you print an extra $100 bill you pay off your debt, but unbeknownst to the entity the $100 that they lent you is now worth less.

Would the barter system be a good way of combating this?

That is already happening right now but that printing of questionable extra bills are exclusively done by the governments and their banking cohorts. It is not done for the sake of the people who don't have enough to even pay their personal debts and basic needs.