<P> Though the Federal Reserve authorizes and distributes the currency printed by the Treasury ( the primary component of the narrow monetary base ) , the broad money supply is primarily created by commercial banks through the money multiplier mechanism . One textbook summarizes the process as follows : </P>
<P> Though the Federal Reserve authorizes and distributes the currency printed by the Treasury ( the primary component of the narrow monetary base ) , the broad money supply is primarily created by commercial banks through the money multiplier mechanism . One textbook summarizes the process as follows : </P>
who decides to print money in the us
who decides to print money in the us
the Federal Reserve
the Federal Reserve