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I have some questions about money I hope someone will have the time to answer, the questions are:
What decides the amount of money that is in circulation (paper and coins)? Can the owners of a bank print as much money they want and use it?
I have some questions about money I hope someone will have the time to answer, the questions are:
What decides the amount of money that is in circulation (paper and coins)? Can the owners of a bank print as much money they want and use it?
Thanks
It used to be that USA money could have been issued by Conress only. Then this was delegated to Fed, or Federal reserve Bank. Fed is privately owned institution, and its main owner is not even in the USA.
From this on, you may Google bazillion of pages on how Fed cranks worthless paper money.
It used to be that USA money could have been issued by Conress only. Then this was delegated to Fed, or Federal reserve Bank. Fed is privately owned institution, and its main owner is not even in the USA.
From this on, you may Google bazillion of pages on how Fed cranks worthless paper money.
The Executive can also produce money via The Treasury and coinage.
I have some questions about money I hope someone will have the time to answer, the questions are:
What decides the amount of money that is in circulation (paper and coins)? Can the owners of a bank print as much money they want and use it?
Thanks
At one time the total amount of money (USA Dollar) in circulation was estimated as a value called M3, the Federal Reserve stopped reporting it early 2006. Mostly, because it would reveal how much they are devaluing the US based petrodollar currency to prop up the economy.
If you don't have time to read The Creature From Jekyll Island, here are two excellent clips to give you an understanding of the Federal Reserve bank and Money
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