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No, creating new dollars is just updating a database at the fed, basically. There are no companies that generate dollars. That would be counterfeiting.
by cortesoft 6y 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.
- jki275 6y agoThe fed certainly generates new dollars.
- Matticus_Rex 6y ago> There are no companies that generate dollars Other than banks. Banks generate new dollars through fractional reserve lending, though they also destroy them.