Why doesn't a poor country print more money for itself?
Best Answers
Poor countries, even those desperate, failing ones like North Korea, cannot simply just print more bills, because of Hyperinflation. read more
The reason is that printing more money doesn’t increase economic output in any way – it merely causes inflation. Suppose an economy produces £10 million worth of goods; e.g. 1 million books at £10 each. If the government doubled the money supply, we would still have 1 million books, but people have more money. read more
Encyclopedia Research
Wikipedia:
Related Questions
Related Facts
Image Answers
Source: quora.com