Could Someone Please Explain the Money Supply?

[Arnfinn Madsen]

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The Federal Reserve is the only corporation that is allowed to print american dollar bills though, right?

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Yeah, since it is a bill that tells you that you have a claim vs. the Federal Reserve [img]/images/graemlins/smile.gif[/img], a claim for ehhhh nothing [img]/images/graemlins/smile.gif[/img] (I am not completely sure if the Federal Reserve has given the authority to any other institutions or companies btw). Btw, several banks are allowed to print Euro and British Pound but that doesn't really change anything in this regard since there is still a central body that controls the money supply.