So why can't we just print more money to solve this recession?

Shurwhynot · 10-12-2008 11:16AM #1

We dont have to tell anyone!

seamus · 10-12-2008 11:17AM

Afaik, we no longer print money in this country.

Naos · 10-12-2008 11:18AM

You've single-handedly solved our economic crisis.

Well done you.

stovelid · 10-12-2008 11:18AM

http://e.imagehost.org/0075/goldstar.jpg

Roadend · 10-12-2008 11:19AM

seamus wrote: »

Afaik, we no longer print money in this country.

We can photocopy it so, does anyone have a colour printer handy?

Danbo! · 10-12-2008 11:20AM

Ink cartridges are too expensive

skelliser · 10-12-2008 11:21AM

cause the value of money would decrease
economics 101- the value of money: http://economics.about.com/cs/money/a/print_money.htm

Pighead · 10-12-2008 11:22AM

No can do. The paper they use to print money with isn't safe. Tests showed that the paper was contaminated by a dioxin at levels between 80 and 200 times the safe limits.

Any money you have in your pocket that you've gotten hold of since September isn't safe. Sent it immediately to: Pighead, PO Box 64, Swindle St Dublin 9.

oeb · 10-12-2008 11:27AM

Shurwhynot wrote: »

We dont have to tell anyone!

What's good for Zimbabwe is good for us. (Except no bad aids please)

10-12-2008 11:34AM

Ok imagine you have a cake . There is not more than the cake and no less than it.
Now imagine that for every slice of cake you give out there is a ticket which represents that piece.Lets say you hand out 12 tickets initially.
Not if you print another 12 you will have 24 slices from the same cake.
It has halved in value.
If we printed less it would be worth more.

It happened in Germany in 1922 and the currency dropped 3.7 million times

m5ex9oqjawdg2i · 10-12-2008 11:35AM

seamus wrote: »

Afaik, we no longer print money in this country.

Oh? What do they do in the mint in sandyford then? Yes we do print money in this country but it may not be the Euro. I will find out for you if I can

Shurwhynot wrote: »

We dont have to tell anyone!

Silly silly idea, taka a look at the russian currency crisis. You will further weaken the Euro and it will not be worth a poo.

What should be done is raise taxes, reduce the interest on loans etc and savings and stimulate spending. People need to spend money in order to create a decent market. What is happening is people are afraid to spend money and it is further damaging the economy.

Think of it this way. They economy needs an injection of money to stimulate growth, now printing more money will in fact increase inflation and decrease the currency's worth. So we need the people of Ireland to inject money into the economy, yet people are afraid to spend money as it is harder to come by now and jobs are somewhat unsecure. Therefore the government are seeking loans from the EU. Thing is, we can not get any more money as we are at our treshold...

skelliser · 10-12-2008 11:35AM

random chatbox wrote: »

Ok imagine you have a cake . There is not more than the cake and no less than it.
Now imagine that for every slice of cake you give out there is a ticket which represents that piece.Lets say you hand out 12 tickets initially.
Not if you print another 12 you will have 24 slices from the same cake.
It has halved in value.
If we printed less it would be worth more.

It happened in Germany in 1922 and the currency dropped 3.7 million times

yahoo much?

ArmaniJeanss · 10-12-2008 11:42AM

We do print Euros here - however as part of our membership of the Euro we are strictly limited to how many we can print each year.

Whether we could get away with printing an extra couple of billion or not I don't know. I daresay if it was possible to cheat the system that the Italians would have done it already.

Tar.Aldarion · 10-12-2008 11:47AM

Introducing more money into a country is a good way to **** it over, but nice idea.

lottodrink · 10-12-2008 11:49AM

oeb wrote: »

What's good for Zimbabwe is good for us. (Except no bad aids please)

Theres good aids?? lol

m5ex9oqjawdg2i · 10-12-2008 11:50AM

lottodrink wrote: »

Theres good aids?? lol

Yea, the AIDS that kills off all the criminals and junkies...

lottodrink · 10-12-2008 11:51AM

Shurwhynot wrote: »

We dont have to tell anyone!

Are we not supposed to be printing our own money?? Damn my bad!!

oeb · 10-12-2008 11:52AM

lottodrink wrote: »

Theres good aids?? lol

Hai, welcome to the internet!

lottodrink · 10-12-2008 11:53AM

Juliette Small Twilight wrote: »

Yea, the AIDS that kills off all the criminals and junkies...

Ah I see, I prefer guns or a tree and some rope:p

smurph11 · 10-12-2008 11:54AM

seamus wrote: »

Afaik, we no longer print money in this country.

Oh yes we do. We just share (oops)the job with all the other countries.

lottodrink · 10-12-2008 11:54AM

oeb wrote: »

Hai, welcome to the internet!

I take it not everything has to make sense so?? lol

topper75 · 10-12-2008 11:56AM

Great thread. Couldn't help but be reminded of:

http://www.youtube.com/watch?v=KJh0pDMnL8M

INFLAYTION!!!

oeb · 10-12-2008 11:57AM

lottodrink wrote: »

I take it not everything has to make sense so?? lol

That's not really true. The internet is always reliable. Wikipedia told me that.

ronnie3585 · 10-12-2008 12:15PM

lottodrink wrote: »

Theres good aids?? lol

https://www.youtube.com/watch?v=kFNs2mOkKzc

http://www.youtube.com/watch?v=kFNs2mOkKzc

lottodrink · 10-12-2008 12:21PM

oeb wrote: »

That's not really true. The internet is always reliable. Wikipedia told me that.

I think I'd trust Brian Cowen before I would Wiki;) I joined this boards.ie to join a football thread but iv to wait a month, how gay is that?

hullaballoo · 10-12-2008 12:54PM

lottodrink wrote: »

I think I'd trust Brian Cowen before I would Wiki;) I joined this boards.ie to join a football thread but iv to wait a month, how gay is that?

Not as gay as pink smilies! lololllollol

lottodrink · 10-12-2008 12:59PM

hullaballú wrote: »

Not as gay as pink smilies! lololllollol

Ah sh*t I shoulda thought about that b4 I put the smiley in haha...

AckwelFoley · 10-12-2008 01:11PM

Shurwhynot wrote: »

We dont have to tell anyone!

money is like a cheque.

you cant just write a cheque if you dont have the funds for it.

phenomenon · 10-12-2008 01:26PM

Ah Mr Mugabe, we've been expecting you.

mickdw · 10-12-2008 01:35PM

of course if you print more, it becomes diluted and wages etc will just raise to the higher level so infact you stand still in terms of richness but the currency as a whole becomes devalued. This was especially true when we had our own self contained currency.
However if the government were to break every rule and actually print some extra, given the fact that it is a europe wide currency, the currency would be devalued to leave the overall european wide value unchanged however, We here in ireland would have a bigger slice of the euro cake than we should have so there would be a gain. This is not allowed obviously. We would be regarded as the counterfieters of the EU

Davo D · 10-12-2008 01:50PM

I think the OP is on to something here. We don't have to tell anyone, just stuff briefcases full of 500 euro notes and Biffo can hand it to the the EU the next time he's over to pay off our debts. When they ask where we got it from, we just say that we won it on a horse.

While they're at it, they can print a few thousand off for each man, woman and child on the island.

...why didn't we think of this earlier!

So why can't we just print more money to solve this recession?

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