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A comment on Why the Federal Reserve is pouring money into the financial system. Parent comment

Re:Why the Federal Reserve is pouring money into the financi... by freejulian85 on Friday September 20, 2019 @08:37AM (#21025986)
The money which the fed gave to the banks did not previously exist. The fed increased the balance sheet of the banks to indicate they had cash they would not otherwise have had. Fits my definition of “printed.”
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Re:Why the Federal Reserve is pouring money into the financi... by joeyrideout on Friday September 20, 2019 @11:13AM (#21027581)
I think a more accurate phrase is "borrowed into existence", which is worse than printing because the balance created charges interest. Printing money directly rather than borrowing it is less inflationary, because more money is needed to service debt.

(This is all bad so I may be splitting hairs, but I would advocate for direct currency printing over this lending scheme if given the chance.)

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Re:Why the Federal Reserve is pouring money into the financi... by jhayward on Friday September 20, 2019 @05:04PM (#21031271)
Currency is printed. Money is created as bits in a ledger. Money is not synonymous with currency.

Thats the difference I'm pointing out.

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