Not sure if OP is trolling or just completely unaware that the value of money is a function of its relative scarcity. Printing more money only accomplishes devaluing the money supply. If you, for example, double the money supply then now each dollar is worth half of what it used to be. The way to increase a country's wealth is by adding goods and services that add value to the economy. For example by buying raw materials and then building something from them that you in turn sell at a profit.
I've found that most people on Poal are ignorant of basic economics.
Had this in s/funny but it was moved.
Ah, that makes sense.
You could actually pay for everything by just creating new money, though. It would inflate the money supply by the amount the government spends. I don't know if that would be enough to cause an inflationary spiral to where the currency would become worthless.
Government spending actually stimulates the economy by something called the multiplier effect. For every dollar the govt. pays an employee, for example, that dollar spent and re-spent locally turns into 1.6 dollars or something like that. This only applies for locally spent money though. If the workers send their money 'back home' or the govt buys tech from Europe then this doesn't apply.
Printing money exactly creates inflation, resulting in increasing devaluation of the currency. Following WW1 Germany printed money like crazy which resulted in hyperinflation. Eventually workers were literally bringing home their wages in a wheelbarrow.
Government spending actually stimulates the economy by something called the multiplier effect.
More so than if the government left that money in the economy in the first place? Taxes aren't black hole for money; the government just isn't very efficient at spending it. For instance, if the government pays out the money to a fat, lazy employee who does nothing of value, it enters the economy when that money is spent at Pizza Hut but an opportunity was missed for that money to go to an employee in the private sector who hopefully builds something.
Money printing is a way to steal money from everyone else, even money they've got stashed in the mattress. It doesn't create it, it transfers it.
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