#Money making

"The key to understand the implications of [a newly minted] coin is to recognize that we’re using the Treasury’s power of money creation, not the Federal Reserve’s."

"Government spending is backed by money creation and the simplest way to understand that (far simpler than understanding how the Federal Reserve works) is to see it. The coin is visceral and powerful in a way that other things aren’t."

Nathan Tankus https://nathantankus.substack.com/p/all-your-questions-about-the-trillion