3 ms·
> already circulating money that government convinced people to give them in return for a promise in the form of a bond The money printing part is not the Trea
by kgwgk 4y ago
> already circulating money that government convinced people to give them in return for a promise in the form of a bond
The money printing part is not the Treasury issuing bonds (and getting money).
The money printing part is the Federal Reserve buying bonds (and giving money).