Larry wrote:
The Treasury Department has nothing to do with the private Federal Reserve
Bank that prints your money and controls the money supply. Check the
facts:


Check YOUR facts, Jack.

The Treasury prints money and sells it to the Federal
Reserve, which is a privately owned but Federally chartered
& Federally controlled bank. Not only that, the Federal
Reserve Board controls the checking system and regulates
state banks.

You seem to confuse the idea of a central bank, key to a
national economy; and ownership of that bank; and confused
it's isolation from political whimsy, key to stability of
the national monetary system, with control of that bank's
policy.

It's OK, lots of people don't know the difference between
fiscal policy and monetary policy, or how either one is
implemented. The problem is when people don't know but think
they do.

DSK