James, thanks.
Can we?
Since CURRENCY is a legal term defined in the money Statutes, it represents only maybe 5 percent of the nation's money supply (Paper and Coins).
So, even IF the government actually issued and gained from that issuance ...... not much there..
But, in reality, NOOOO, the government does NOT issue the currency. LOL.
The Federal Reserve Board pays the Bureau of Engraving and Printing for the cost of printing currency and arranges and pays for the transport of the currency from the Bureau of Engraving and Printing facilities in Washington, D.C., and Fort Worth, Texas, to Federal Reserve Bank cash offices.
As the issuing authority, the Federal Reserve Board turns the pieces of paper manufactured at the Bureau of Engraving and Printing into lawful money.
OK?
The entire MMT premise - mis-labeled between 'money' and 'currency' for ultimate deception, here falls flat on its face.
The government doesn't even issue the Currency.
Let alone, be the "implied" issuer of the nation's money.
James, thanks.
Can we?
Since CURRENCY is a legal term defined in the money Statutes, it represents only maybe 5 percent of the nation's money supply (Paper and Coins).
So, even IF the government actually issued and gained from that issuance ...... not much there..
But, in reality, NOOOO, the government does NOT issue the currency. LOL.
https://www.uscurrency.gov/life-cycle/journey-circulation
Step 4
Issuance
The Federal Reserve Board pays the Bureau of Engraving and Printing for the cost of printing currency and arranges and pays for the transport of the currency from the Bureau of Engraving and Printing facilities in Washington, D.C., and Fort Worth, Texas, to Federal Reserve Bank cash offices.
As the issuing authority, the Federal Reserve Board turns the pieces of paper manufactured at the Bureau of Engraving and Printing into lawful money.
OK?
The entire MMT premise - mis-labeled between 'money' and 'currency' for ultimate deception, here falls flat on its face.
The government doesn't even issue the Currency.
Let alone, be the "implied" issuer of the nation's money.
The Money Apprentice