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Question:

Economic Question about government controlled banks.?

Iam not an economic genius, but.Lets say there's a country, where the banks are controlled by the government. Could the government of that country add a few zero's to the end of their balance of money, in effect making money. With the digital age with paper money becoming less apparent, do you think that this is possible? A country in which it's economic growth is unlimited?

Answer:

that's how the banking gadget does artwork. In maximum international locations the imperative economic organization (economic organization of england or federal reserve) set the expenses of interest and so on for the forex and administration that while banks purely set expenses of interest for inner maximum money owed. extra opposition could provide us extra constructive determination yet whilst the economic climate is like it extremely is anybody contraptions those low so the competition isn't so fierce. If there replaced into purely one economic organization in 2008 we would have not got any money whilst it went bust. a minimum of this way if one is going others can step in and stop the rustic ending up like Greece or Italy.
Of course it can and has been done, innumerable times. Of course, it then results in massive inflation and the money becomes worthless.
money is just a way of keeping score. it has no real value in itself the only real source of wealth is cheap clean energy and human brain power there are State Banks like Nebraska ( or is it North Dakota) wher ethe bank that makes loans is owned by the state and uses its profits for the benefit of all , not just the owner of the bank huge international banks like IGA, Bank of america etc exist only to make more porfit for themselves. we almost had a world economic collapse because of them. Read about the bail out Germany before WW II in the 1920s did what you said. every day the currency changed. soon the paper it was printed on cost more than the 10,000 mark note. it took a bushel of money to buy a loaf of bread. workers demanded raises every day to be able to pay for rising costs. Called hyper inflation' thousands of % a year or more. america ususally has about 2-3% inflation. right now we have almost none. american bonds pay less than 1% interest and foreign buyers still want them. in the 1980s we had very high inflation but it passed. GOLD is just metal and no better than paper for keeping money score

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