WHY A COUNTRY NEEDS TO BORROW MONEY WHEN IT CAN MAKE MONEY WITH MONEY MACHINE?
Every land has its possess bicentric bank.They crapper attain money as according to responsibility of a country.Then ground a land needs to plead or take money for its utilization when it crapper attain it possess money with the support of money machine?Is there some conception in frugalness that prevents a land to attain its possess money?
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- WHY A COUNTRY NEEDS TO BORROW MONEY WHEN IT CAN MAKE MONEY WITH MONEY MACHINE?
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By "money machine," I assume you meaning a printing press? Yes, a nation can print money, but that money must be "backed" or guaranteed by something of value — otherwise it’s just paper, and no one would haveconfidence in it. This happened during the American Civil war of the 1860s. The Confederacy (the South) printed money with nothing to guarantee it and "Confederate money" became a synonym for "worthless." . The United States has gold in reserve at Ft. Knox, Tennessee.