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We just can't keep printing more money to pay it off. And that's really the problem. We just keep printing money to solve our problems, but we can't go on much longer,” he cautioned.
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The banking authorities, whether central or not, "monetize" the deficit, printing money to pay for the government's efforts to survive. The hyperinflation under the Chinese Nationalists from 1939 to 1945 is a classic example of a government printing money to pay civil war costs. By the end, currency was flown in over the Himalayas, and then old ...
During the Mongol Yuan dynasty, the government spent a great deal of money fighting costly wars, and reacted by printing more money, leading to inflation. [36] Fearing the inflation that plagued the Yuan dynasty, the Ming dynasty initially rejected the use of paper money, and reverted to using copper coins.
In the same period, country banks in England had become more common, while the Bank of England had stopped printing certificates and become a sort of Lender of Last Resort to other banks, much like the Federal Reserve would in the 20th century in the US. Unfortunately, it was still rather new to this role, and its results varied wildly.
The amount of money printing is really extraordinary: Strategist. June 4, 2020 at 12:55 PM ...
Money printing may refer to: Money creation to increase the money supply; Debt monetization, financing the government by borrowing from the central bank, in effect creating new money; Security printing as applied to banknotes ("paper money") Quantitative easing, a type of monetary policy meant to lower interest rates