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pnwmom

(110,298 posts)

18. The Federal Reserve decides how much money to print.

Reply to onenote (Reply #17)

Wed Jan 25, 2023, 11:49 PM

Jan 2023

So if they don't want to wreck the world economy, they can ignore the artificial debt limit -- which the R's freely ignore whenever an R is President -- and print more.

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Question re the debt limit: what would happen if Biden issued Executive Orders to agencies [View all] pnwmom Jan 2023 OP

What would the bills be paid with? brooklynite Jan 2023 #1

The government doesn't pass out paper money to anyone, and yet it manages to pay its bills. nt pnwmom Jan 2023 #3

Interesting idea... Ohio Joe Jan 2023 #2

I believe the power to borrow and pay bills belongs to Congress alone. Beastly Boy Jan 2023 #4

Okay, but Congress doesn't issue checks to Social Security recipients, etc. pnwmom Jan 2023 #5

Those checks and all other spending is because Congress authorized it DetroitLegalBeagle Jan 2023 #11

Right. And the money WAS ALREADY appropriated by Congress. Now it's time to pay the debt pnwmom Jan 2023 #12

Mint the trillion dollar coin ... phoenix75 Jan 2023 #13

But aren't those checks backed up by money in the US Treasury onenote Jan 2023 #15

We haven't operated under the gold standard for a long time. nt pnwmom Jan 2023 #16

Not at all what I was saying. onenote Jan 2023 #17

The Federal Reserve decides how much money to print. pnwmom Jan 2023 #18

The debt ceiling is a manufactured nothing burger. phoenix75 Jan 2023 #19

The "trillion dollar coin"? phoenix75 Jan 2023 #6