This post is a response to the question ["Is it ever necessary or wise for a government to create money without creating value to match?"] (https://peakd.com/hive-150329/@llyran-noble/the-2008-financial-crisis-questions) posed by @llyran-noble.
Is printing more money a good idea?
I believe that whatever financial crisis the United States is dealing with whether that be in 2008 or in the future the answer should never be printing more money without somehow acquiring funds to match it. The only thing that printing more money without securing more assets to match would be doing is lowering the value of a dollar which in turn does nothing to our financial crisis. It only creates future problems. We need to find a way to see the signs of a financial crisis before the crisis completely blindsides us. The financial crisis of 2008 had been building up for years. When was it officially too late to turn our economy around before we hit the breaking point? We need to be able to identify commonalities in order to prevent another financial crisis in the future.
What should the United States be doing in order to prevent another financial crisis?
The United States’ law makers should be brainstorming the best way they see fit to make sure this never happens again. They could hirer financial experts in order to get a broad range of opinions on how to make new laws or regulations. They could implement that no matter how much money was to gain by giving people with no credit or bad credit a loan that these people had to meet a certain criterion before the loan would be granted. This would have helped the banks in the 2008 financial crisis. Many mortgages were given out at the peak of the housing market to people with not the best credit only to be defaulted on later. Then, the bank was stuck owning a bunch of housing that would not sell for what the banks loaned the buyers. I am sure that many people have different ideas on how to make sure this never happens again, but I do not believe that answer is printing more money without securing more assets to be able to do that.
Interesting quation,the problems of Government is getting worse every blessed day, anytime you here that Government want to do this,their motive not for the betterment of people's but for their selfish intrest, as for me Government can't mean well for the masses.