To be precise, the treasury prints the bills, not the federal reserve. The feder... | Hacker News

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		smj-edison 5 months ago \| parent \| context \| favorite \| on: The Fed says this is a cube of $1M. They're off by... To be precise, the treasury prints the bills, not the federal reserve. The federal reserve balances what money is in circulation by selling or buying bonds. When they issue a bond, someone buys it, so money is removed from circulation. When they buy a bond, money is injected into circulation.

lxgr 5 months ago [–]

It’s the other way around. The treasury issues bonds; the Fed buys (or repos) them in exchange for newly issued USD.

smj-edison 5 months ago | [–]

Oh whoops, you're right!

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