Can countries print extra money whenever they wish to bail themselves out of a financial crisis or do they need to secure the amount to be printed by depositing the equivalent in gold at a safe place like Fort Knox?
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Can countries print extra money whenever they wish to bail themselves out of a financial crisis or do they need to secure the amount to be printed by depositing the equivalent in gold at a safe place like Fort Knox?
I asked the same Question to Someone once, and there answer was
If they do do that, then their mony becomes more wortheless to other countries.
So I don't think they would want to do that!
This is an awesoem question and I hope someone has a better answer!
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