Inquiry created by If These Guns Could Talk: Is trying to spend your way out of debt similar to claiming if you still have checks, you have money?
Obviously checks are just paper. You can write as many as you want, but it’s still paper.
This is similar to the Federal Reserve printing dollars. Dollar bills aren’t backed by anything of value….they’re paper. But when the govt. needs to pay for something it can’t afford they monetize debt (“print” money). Well just because you have more paper dollars doesn’t mean you have any more money. It just means each paper dollar is worth less than it was before you printed all the new ones.
That is regarding Is trying to spend your way out of debt similar to claiming if you still have checks, you have money? you may should try to solve issues on their very own. Maybe this will assist you in several ways… and help the way you live significantly better. Who wish regarding Is trying to spend your way out of debt similar to claiming if you still have checks, you have money? are generally a resolution going forward.
Most practical answer:
Answer by Kathryn P
I agree.
If you make more dollars, than each dollar is worth less. If you make more peanut butter, then each jar will cost less. Same concept.
When the US Government just mints new dollar bills then there will be so much money floating around that the value will not be as high.
Interesting.
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If you have a check, you try to spend your way out of debt, claims and similar money?