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While it is often said, Levi, NO the Fed did not print any money, I'm sure you know. As banks always do, it was created electronically as numbers in the ledger and a debt for the borrower, or the taxpayer, it took no printing press. The Treasury does print and mint the physical currency, selling it to the banks for their customers cash needs at cost of production, and represents only 3%-5% of the money supply in circulation. I'm not sure this is helpful as it has people imaging we are in a cash economy when we are not but it would be nice if we were as in the days of the Greenbacks, more prosperity, less debt. I think as you do that people need to understand this system so they can change it. Join us at monetaryalliance.org

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Howard Switzer

Howard Switzer is an ecological architect and monetary reformer in rural Tennessee.