Paying off debt with printed money
In Washington, the view is that the banks are to be regulated, and my view is that Washington and the regulators are there to serve the banks. —Spencer Bachus, chairman, House Financial Services Committee
Why can't we just print more money to pay off our nations debt? This sounds like the ultimate easy way to get out of trouble. Well it does not work that way, despite so many governments around the world doing just that. The following videos provide insight to the problems with printing currency.
This video is long but professionally made and makes a complex topic easy to understand.
Simple and plain video explains negative effects of printing, all the while getting to enjoy his accent.