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by dahfizz 2538 days ago
> 1. The US Mint creates the supply of currency in the US, which is literally governed by the government.

This is wrong in a couple of ways. The mint creates coins, not dollar bills. Those are federal reserve notes. But who literally mints the money doesn't matter - the Fed has always had control over the money supply. That's the power that matters.

> 2. It's literally governed by presidentially appointed officials.

This is also true of the supreme Court. This doesn't change the fact that the Fed can operate independently of the government. As an analog, how often do you worry about what your hiring manager things of you? Once you have the job, they don't have any power over you.