Hacker News new | ask | show | jobs
by cortesoft 1950 days ago
No, creating new dollars is just updating a database at the fed, basically.

There are no companies that generate dollars. That would be counterfeiting.

2 comments

> There are no companies that generate dollars

Other than banks. Banks generate new dollars through fractional reserve lending, though they also destroy them.

The fed certainly generates new dollars.
Yeah, and they aren’t a ‘company’