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Reason: None provided.

I was conflating the words "print" with "create." When people say "the Fed prints the money," they mean "create." I assert the actual paper debt instrument that is representative of money already created by the Fed is pretty much meaningless. It certainly represents a tiny portion of the currency in circulation (a fraction of a percent).

Having said that, there is no law that states that only the U.S. Treasury can print a Federal Reserve Note. The Fed could absolutely do so. That might be a little confusing to the sheeple however, so that is probably why they have the Treasury do it.

2 years ago
1 score
Reason: Original

I was conflating the words "print" with "create." When people say "the Fed prints the money," they mean "create." I assert the actual paper debt instrument that is representative of money already created by the Fed is pretty much meaningless. It certainly represents a tiny portion of the currency in circulation (a fraction of a percent).

Having said that, there is no law that states the only the U.S. Treasury can print a Federal Reserve Note. The Fed could absolutely do so. That might be a little confusing to the sheeple however, so that is probably why they have the Treasury do it.

2 years ago
1 score