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Only the Fed can print money


The fed allowing banks to run fractional reserves is licensing the banks to print money on their behalf.


Paper money only makes up around 10%. But it's just an expression to "print money"


If you’re talking about actual paper money, that’s the Bureau of Engraving and Printing, not the Fed.


The treasury physically prints it, but to get the money to exist in the first place comes from the Fed via credit.




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