Two Plus Two Newer Archives  

Go Back   Two Plus Two Newer Archives > Other Topics > Politics
FAQ Community Calendar Today's Posts Search

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #8  
Old 02-16-2007, 05:23 PM
BCPVP BCPVP is offline
Senior Member
 
Join Date: Jan 2005
Posts: 7,759
Default Re: Could Someone Please Explain the Money Supply?

[ QUOTE ]
1) Consistently print more money than we destroy (on a federal level)

[/ QUOTE ]
Yes

[ QUOTE ]
2) If so, who gets the benefit of this extra money printed?

[/ QUOTE ]
The first users who receive the money before prices increase

[ QUOTE ]
3) How do we keep track of the amount of digital money since most money now is not kept in hard currency?

[/ QUOTE ]
Not sure

[ QUOTE ]
4) How do we find out how much money was created, either through printing or other creation, in the past year? Further, how do we know how much has been destroyed?

[/ QUOTE ]
Not sure. Mints might know.

[ QUOTE ]
5) Why is our money not backed by something of value? Why did we decide to get off gold and silver standards? Doesn't this make more sense?

[/ QUOTE ]
This is going to get you a variety of answers. Many believe that a fiat currency facilitates government spending, since they are not limited to a fixed amount of money. A video from the Austrian perspective on the topic.

[ QUOTE ]
6) What is it that is currently backing our currency?

[/ QUOTE ]
The government's word that "we're good for it".
Reply With Quote
 


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 04:40 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2026, vBulletin Solutions Inc.