This is really just semantics.

No, there are important distinctions that people need to understand.

I was calling "printing money" the actual pressing of currency and coin, which the U.S. Treasury does.

At first, I did not understand you meant that. After I wrote my post, I realized you might mean that, so I edited my post to add something about it.

You are confusing the US Mint, which physically prints paper currency with the US Treasury which manages US government debt. They are not the same agencies.

True, the Mint is part of the Treasury, but the Mint's function only accounts for 1% or so of the total money supply. The rest of the money supply is created by (a) the Treasury issuing debt instruments by selling them to the FR, which (b) "prints money" by creating it from nothing, so they can buy those treasury instruments.

(Paper currency is a tiny fraction of the total money supply. There is M1, M2 and M3, each of which describes aspects of the total money supply).

This is an important distinction, because the Federal Reserve is a private entity, while the U.S. Treasury is a federal institution.

Yes, and the Treasury could just print money as the US government needs. That is what JFK was moving towards. But with the FR system, they don't. Instead of printing money, they print treasury debt instruments (bills, notes, and bonds) and BORROW money for government operations from the Federal Reserve Bank. The FRB purchases those instruments, via Open Market Operations (NY Fed) by CREATING money from nothing (i.e. "printing money" which is other than currency, which is physically printed by the US Mint).

BTW, that currency printed by the US Mint says "Federal Reserve Note." It used to say "United States Dollar," but not anymore. Those pieces of paper people carried around USED TO say "Redeemable for $5 of gold" or whatever the denomination was.

Today, Federal Reserve Notes are ONLY redeemable in other Federal Reserve Notes. This is the BIG part of the scam (these pieces of paper are backed by nothing of substance. They used to be backed by gold and silver, but not more).

ADD: Today, the US Mint physically prints "Federal Reserve Notes" and sends them to the Federal Reserve Bank, NOT the US Treasury Department. It was not like that in the past, but that is how it is done today. So, although the US Mint is legally part of the US Treasury, it functions independently, effectively as an agent of the Federal Reserver Bank.

This is really just semantics.

No, there are important distinctions that people need to understand.

I was calling "printing money" the actual pressing of currency and coin, which the U.S. Treasury does.

At first, I did not understand you meant that. After I wrote my post, I realized you might mean that, so I edited my post to add something about it.

You are confusing the US Mint, which physically prints paper currency with the US Treasury which manages US government debt. They are not the same agencies.

True, the Mint is part of the Treasury, but the Mint's function only accounts for 1% or so of the total money supply. The rest of the money supply is created by (a) the Treasury issuing debt instruments by selling them to the FR, which (b) "prints money" by creating it from nothing, so they can buy those treasury instruments.

(Paper currency is a tiny fraction of the total money supply. There is M1, M2 and M3, each of which describes aspects of the total money supply).

This is an important distinction, because the Federal Reserve is a private entity, while the U.S. Treasury is a federal institution.

Yes, and the Treasury could just print money as the US government needs. That is what JFK was moving towards. But with the FR system, they don't. Instead of printing money, they print treasury debt instruments (bills, notes, and bonds) and BORROW money for government operations from the Federal Reserve Bank. The FRB purchases those instruments, via Open Market Operations (NY Fed) by CREATING money from nothing (i.e. "printing money" which is other than currency, which is physically printed by the US Mint).

BTW, that currency printed by the US Mint says "Federal Reserve Note." It used to say "United States Dollar," but not anymore. Those pieces of paper people carried around USED TO say "Redeemable for $5 of gold" or whatever the denomination was.

Today, Federal Reserve Notes are ONLY redeemable in other Federal Reserve Notes. This is the BIG part of the scam (these pieces of paper are backed by nothing of substance. They used to be backed by gold and silver, but not more).

ADD: Today, the US Mint physically prints "Federal Reserve Notes" and sends them to the Federal Reserve Bank, NOT the US Treasury Department. It was not like that in the past, but that is how it is done today. So, although the Mint is technically part of the Treasury, it functions independently, effectively as an agent of the FRB.

This is really just semantics.

No, there are important distinctions that people need to understand.

I was calling "printing money" the actual pressing of currency and coin, which the U.S. Treasury does.

At first, I did not understand you meant that. After I wrote my post, I realized you might mean that, so I edited my post to add something about it.

You are confusing the US Mint, which physically prints paper currency with the US Treasury which manages US government debt. They are not the same agencies.

True, the Mint is part of the Treasury, but the Mint's function only accounts for 1% or so of the total money supply. The rest of the money supply is created by (a) the Treasury issuing debt instruments by selling them to the FR, which (b) "prints money" by creating it from nothing, so they can buy those treasury instruments.

(Paper currency is a tiny fraction of the total money supply. There is M1, M2 and M3, each of which describes aspects of the total money supply).

This is an important distinction, because the Federal Reserve is a private entity, while the U.S. Treasury is a federal institution.

Yes, and the Treasury could just print money as the US government needs. That is what JFK was moving towards. But with the FR system, they don't. Instead of printing money, they print treasury debt instruments (bills, notes, and bonds) and BORROW money for government operations from the Federal Reserve Bank. The FRB purchases those instruments, via Open Market Operations (NY Fed) by CREATING money from nothing (i.e. "printing money" which is other than currency, which is physically printed by the US Mint).

BTW, that currency printed by the US Mint says "Federal Reserve Note." It used to say "United States Dollar," but not anymore. Those pieces of paper people carried around USED TO say "Redeemable for $5 of gold" or whatever the denomination was.

Today, Federal Reserve Notes are ONLY redeemable in other Federal Reserve Notes. This is the BIG part of the scam (these pieces of paper are backed by nothing of substance. They used to be backed by gold and silver, but not more).

ADD: Today, the US Mint physically prints "Federal Reserve Notes" and sends them to the Federal Reserve Bank, NOT the US Treasury Department. It was not like that in the past, but that is how it is done today. So, although the Mint is technically part of the Treasury, it functions independently, and as a little bitch of the FRB.

This is really just semantics.

No, there are important distinctions that people need to understand.

I was calling "printing money" the actual pressing of currency and coin, which the U.S. Treasury does.

At first, I did not understand you meant that. After I wrote my post, I realized you might mean that, so I edited my post to add something about it.

You are confusing the US Mint, which physically prints paper currency with the US Treasury which manages US government debt. They are not the same agencies.

True, the Mint is part of the Treasury, but the Mint's function only accounts for 1% or so of the total money supply. The rest of the money supply is created by (a) the Treasury issuing debt instruments by selling them to the FR, which (b) "prints money" by creating it from nothing, so they can buy those treasury instruments.

(Paper currency is a tiny fraction of the total money supply. There is M1, M2 and M3, each of which describes aspects of the total money supply).

This is an important distinction, because the Federal Reserve is a private entity, while the U.S. Treasury is a federal institution.

Yes, and the Treasury could just print money as the US government needs. That is what JFK was moving towards. But with the FR system, they don't. Instead of printing money, they print treasury debt instruments (bills, notes, and bonds) and BORROW money for government operations from the Federal Reserve Bank. The FRB purchases those instruments, via Open Market Operations (NY Fed) by CREATING money from nothing (i.e. "printing money" which is other than currency, which is physically printed by the US Mint).

BTW, that currency printed by the US Mint says "Federal Reserve Note." It used to say "United States Dollar," but not anymore. Those pieces of paper people carried around USED TO say "Redeemable for $5 of gold" or whatever the denomination was.

Today, Federal Reserve Notes are ONLY redeemable in other Federal Reserve Notes. This is the BIG part of the scam (these pieces of paper are backed by nothing of substance. They used to be backed by gold and silver, but not more).

This is really just semantics.

No, there are important distinctions that people need to understand.

I was calling "printing money" the actual pressing of currency and coin, which the U.S. Treasury does.

At first, I did not understand you meant that. After I wrote my post, I realized you might mean that, so I edited my post to add something about it.

You are confusing the US Mint, which physically prints paper currency with the US Treasury which manages US government debt. They are not the same agencies.

True, the Mint is part of the Treasury, but the Mint's function only accounts for 1% or so of the total money supply. The rest of the money supply is created by (a) the Treasury issuing debt instruements by selling them to the FR, which (b) "prints money" by creating it from nothing, so they can buy those treasury instruments.

(Paper currency is a tiny fraction of the total money supply. There is M1, M2 and M3, each of which describes aspects of the total money supply).

This is an important distinction, because the Federal Reserve is a private entity, while the U.S. Treasury is a federal institution.

Yes, and the Treasury could just print money as the US government needs. That is what JFK was moving towards. But with the FR system, they don't. Instead of printing money, they print treasury debt instruments (bills, notes, and bonds) and BORROW money for government operations from the Federal Reserve Bank. The FRB purchases those instruments, via Open Market Operations (NY Fed) by CREATING money from nothing (i.e. "printing money" which is other than currency, which is physically printed by the US Mint).

BTW, that currency printed by the US Mint says "Federal Reserve Note." It used to say "United States Dollar," but not anymore. Those pieces of paper people carried around USED TO say "Redeemable for $5 of gold" or whatever the denomination was.

Today, Federal Reserve Notes are ONLY redeemable in other Federal Reserve Notes. This is the BIG part of the scam (these pieces of paper are backed by nothing of substance. They used to be backed by gold and silver, but not more).

This is really just semantics.

No, there are important distinctions that people need to understand.

I was calling "printing money" the actual pressing of currency and coin, which the U.S. Treasury does.

At first, I did not understand you meant that. After I wrote my post, I realized you might mean that, so I edited my post to add something about it.

You are confusing the US Mint, which physically prints paper currency with the US Treasury which manages US government debt. They are not the same agencies.

Besides that, paper currency is a tiny fraction of the total money supply (there is M1, M2 and M3, each of which describes aspects of the total money supply).

This is an important distinction, because the Federal Reserve is a private entity, while the U.S. Treasury is a federal institution.

Yes, and the Treasury could just print money as the US government needs. That is what JFK was moving towards. But with the FR system, they don't. Instead of printing money, they print treasury debt instruments (bills, notes, and bonds) and BORROW money for government operations from the Federal Reserve Bank. The FRB purchases those instruments, via Open Market Operations (NY Fed) by CREATING money from nothing (i.e. "printing money" which is other than currency, which is physically printed by the US Mint).

BTW, that currency printed by the US Mint says "Federal Reserve Note." It used to say "United States Dollar," but not anymore. Those pieces of paper people carried around USED TO say "Redeemable for $5 of gold" or whatever the denomination was.

Today, Federal Reserve Notes are ONLY redeemable in other Federal Reserve Notes. This is the BIG part of the scam (these pieces of paper are backed by nothing of substance. They used to be backed by gold and silver, but not more).