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by OscarCunningham
1872 days ago
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> “Print” is a misnomer, as only the US Mint prints paper currency and mints metal coins which is a very tiny sliver of the M0 money supply. If you're going to be pedantic, the Mint only does coins. The Bureau of Engraving and Printing prints the paper money. |
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More about breaking down exactly how the Fed's digital dollar ledger updates actually result increasing the money supply.
Despite everyone knowing the "printer go brr" meme being just a colloquialism, I don't think people are really clear on what the reality is. It is Just-In-Time creation of dollars upon transaction.