M.o.N.e.Y

M.o.N.e.Y The supply of US dollar is controlled by the Federal Reserve System (informally called the “Fed”). The actual bills and coins are made by the US Mint.

The US Constitution gives the federal government sole power to make money. The US dollar is the official currency of the United States, and its supply is controlled by the Federal Reserve, which can issue and destroy money. The dollar is fiat money, meaning that it is not backed by any physical object.

05/25/2012

How do you prevent inflation? Enact tight money policy by raising the discount interest rates. Banks have to pay more for their loans, so they'll charge more. Then there will be less money in the system!

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