Your both wrong. You're talking about printing dollars. Most money is never printed. It's created on a computer in the U.S. Treasury.Wrong:Another woke idiot proves he's an economic moron.Banks, like they did a century ago.You're deluding yourself. We would all be much richer if we didn't have to turn over 50% of our income to one branch of government or another.Speak for yourself buddy, I’m walking just fine. Go get yourself some lubeThe federal government fucks us up the ass every day.If it weren't for the blue states you would be hurting and if it weren't for the Fed gov.Meh, lets just divide the country and Dems can do whatever they want on their side of the border. Dems need us we don't need Dems we'll live happily ever after without Dems and the slime left.Civil War...But but but the government was almost overthrown on Jan 6th in the greatest threat to democracy since that attack on Pearl Harbor.Agreed. But our democracy is no where near at stakeMany of these voting laws are an over reaction to start with.
Any if you didn't pay taxes who would print the money that you love so much?
Well 330 million people would never be rich with a few million floating around the economy.
Do you actually believe the amount of money the Federal Reserver creates determines how many cars and houses get produced?
First, It's the Treasury dept. that creates money, not the Federal Reserve.
Secondly, the creation of money is just the issuance of authority to activate resources.
When the government creates trillions for an infrastructure bill, it's activating millions of American by creating jobs for them. It purchasing millions of dollars of goods as materials for the infrastructure, creating millions of dollars of profits for contractors who in turn create jobs and invest in other enterprises.
Ultimately, as more resources get activated, more people can purchase houses and cars...markets are created and then yes, more houses and cars get built to meet the market demand.
It's called 'consumer economics', which has always worked well, as opposed to 'supply-side economics' which has always been a total failure.
Not quite that simple.
The treasury department does the actual printing of currency, but it is controlled by the federal reserve bank, which in theory is mostly private.
{...
The U.S. Federal Reserve controls the supply of money in the U.S., and when it expands that supply it is often described as "printing money." The job of actually printing currency bills belongs to the Treasury Department's Bureau of Engraving and Printing, but the Fed determines exactly how many new bills are printed each year.
...}
The Federal Reserve Bank is controlled by private bank board of directors.
{...
The Federal Reserve System is composed of several layers. It is governed by the presidentially appointed board of governors or Federal Reserve Board (FRB). Twelve regional Federal Reserve Banks, located in cities throughout the nation, regulate and oversee privately owned commercial banks.[16][17][18] Nationally chartered commercial banks are required to hold stock in, and can elect some of the board members of, the Federal Reserve Bank of their region. The Federal Open Market Committee (FOMC) sets monetary policy. It consists of all seven members of the board of governors and the twelve regional Federal Reserve Bank presidents, though only five bank presidents vote at a time (the president of the New York Fed and four others who rotate through one-year voting terms). There are also various advisory councils. Thus, the Federal Reserve System has both public and private components.[list 2] It has a structure unique among central banks, and is also unusual in that the United States Department of the Treasury, an entity outside of the central bank, prints the currency used.[23]
...}
Any way, what you are talking about is called "quantitative easing", which essentially means printing more currency.
And while that does work a bit to stimulate the whole economy, that only works for a short time.
That is because when you print more money, then each bill become worth less and less.
Which then leads to inflation, where sellers compensate for the bill value decrease by increasing prices.
Which then slows and stagnates the economy if you do it too much.
The correct way to do it is to only temporarily inject more currency, but then pull it back out as soon as possible.
Increasing the national debt has the same effect, and requires the same solution of paying it back as soon as possible.
Federal Reserve Notes, also United States banknotes, are the currently issued banknotes of the United States dollar.[1] The United States Bureau of Engraving and Printing produces the notes under the authority of the Federal Reserve Act of 1913[2] and issues them to the Federal Reserve Banks at the discretion of the Board of Governors of the Federal Reserve System.[2] The Reserve Banks then circulate the notes to their member banks,[3] at which point they become liabilities of the Reserve Banks[4] and obligations of the United States.[2]
I heard an interview on NPR where they discussed the creation of the 2008 bailouts & stimulus money. Someone at the U.S. treasury just types in a number and hits the enter key.
In those cases it's created at the order of Congress, not the Federal Reserve.
Opinion | Just Use ‘the Computer’ at the Fed to Give People More Money (Published 2020)
Congress has all the firepower it needs. It just needs to send spending instructions to the Federal Reserve, as it always does.
www.nytimes.com