Showing posts with label printing money. Show all posts
Showing posts with label printing money. Show all posts

Thursday, April 17, 2014

Why Not Print More Money?



If the government can print money, why doesn’t it just print some and hand it out? Wouldn’t that be the simplest way to solve problem? Nope. Economics professor Antony Davies explains that we can understand why printing money doesn’t work by looking at why money was invented in the first place.

Prior to the invention of money, people relied on bartering to exchange goods and services. Bartering has two problems. The first is what economists call the double incidence of wants problem. To exchange goods and services, you have to find someone who not only has what you want but who also wants what you have. The second problem with bartering is the retention of value problem. When bartering for goods and services, it is difficult to save up what you produce because items produced may not hold their value. Money solves both of these problems.



Money is valuable only because people will give you goods and services in exchange for money. It derives its value from the goods and services. Printing more money will simply spread the value of the existing goods and services around a larger number of dollars. This is inflation. Ultimately, doubling the number of dollars doubles prices. If everyone has twice as much money but everything costs twice as much as before, people aren’t better off. Having the government print money will not increase wealth.

As always, keep reading, keep in touch, and keep being innovative. Call 877.990.1616 or browse online www.marketinkgroup.com

Thursday, April 10, 2014

Font Change Would Save Government $400 Million

The choices you make about your printing can significantly impact your business at many levels: Your branding, your credibility, your market share and, of course, your bottom line. Look at this inspiring story as an example, where a middle school student created quite a buzz when he demonstrated how the government could save a staggering $400 million by simply changing the font of their printed documents.

Suvir Mirchandani, 14, first proposed the idea as a way for his Pittsburgh school district to save some cash. But when he applied the formula to state and federal government numbers, the middle schooler realized a small change could reap a big reward.


Changing fonts from Times New Roman to Garamond on all printed government documents would keep some serious cash in the coffers, the science experiment by Suvir Mirchandani, 14, shows.

The middle schooler’s well-thought out plan shows that Garamond, one of the oldest fonts around, is significantly thinner than the default Times New Roman typeface, meaning a switch would provide significant savings on ink — a pricey commodity.


“Ink is two times more expensive than French perfume by volume,” the wise teen told CNN, pointing to the $38 cost of Chanel No. 5 perfume and the $75 an ounce of Hewlett-Packard printer ink will set you back. The feds spend some $1.8 billion in printing costs annually, and have tried double-sided printing and using recycled paper to cut costs. But finding ways to save on annual ink costs of $467 million is a new frontier. Using Garamond would save some 30% on those costs, about $136 million, while if local and state governments followed suit, about $234 million could be cut.

Suvir first conducted his font experiment on a smaller level, looking at the possible savings within his school districts. When he discovered the change could lead to some $21,000 in savings, he took it to the next level and looked at government costs. He submitted his startling findings to the Journal for Emerging Investigators, a journal that publishes research by teens, and the founders of which were blown away by the results.


“We were so impressed,” JEI’s Sarah Fankhauser told CNN. “We really could really see the real-world application in Suvir's paper."

It’s unlikely the feds will take action on Suvir’s say so. A spokesman for the Government Printing Office said efforts towards sustainability have already begun — and as more content goes online, less documents need printing.

"In 1994, we were producing 20,000 copies a day of both the Federal Register and Congressional Record,” Gary Somerset told CNN. “Twenty years later, we produce roughly 2,500 print copies a day.”

Suvir, though, says no matter what happens, some things will need to be printed — and that making a change, even for less documents, remains worthwhile.

"I recognize it's difficult to change someone's behavior. That's the most difficult part,” he told CNN. “I definitely would love to see some actual changes and I'd be happy to go as far as possible to make that change possible.

As you can see, being innovative and thinking outside the box can really pay off. Keep in touch and let us help you maximize the benefits of your printing. Call 877.990.1616 or visit us on the web www.marketinkgroup.com