Watch This: Why We Can’t Print More Money to Pay Down Debt

Watch This: Why We Can’t Print More Money to Pay Down Debt
Photo by razorbeam / Shutterstock.com

The U.S. debt stands at a staggering $20 trillion … and counting. The nation’s indebtedness is nothing new, and both parties are to blame. In fact, the problem really exploded under the last two presidents — President George W. Bush (a Republican) and President Barack Obama (a Democrat).

Today’s situation is sometimes described as a “debt crisis,” and many experts warn that it is undermining the future prosperity of the nation. So, why not just print huge amounts of money, pay down the debt, and be done with it?

Unfortunately, it’s not that easy. Watch this WonderWhy video, and you’ll learn why money has no intrinsic value, and is subject to the law of the “Tinkerbell effect.” You’ll also discover why printing too much money can quickly lead to a host of serious problems.

What do you think of the nation’s debt situation? Sound off by commenting below or on our Facebook page.

Popular Articles

Never Use a Debit Card to Buy These 9 Things
Never Use a Debit Card to Buy These 9 Things

Use your debit card for one of these expenses, and you could risk your bank account balance, your credit score or even identity fraud.

Why Your Cable TV Package Is More Expensive Than Ever
Why Your Cable TV Package Is More Expensive Than Ever

Due to this trend, Americans who still maintain pay-TV service are paying through the nose.

16 of the Most Outrageously Overpriced Products
16 of the Most Outrageously Overpriced Products

Retailers mark up products by hundreds of times their cost — but you don’t have to pay the premium.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Comments