Thursday, April 16, 2009

They don't actually "print" it...

Because few Americans understand how our money supply is created the phrase "print money" has gone from economic shorthand to a physical description of the creation of liquidity.

So to set the record straight:

All the U.S. coins and bills in general circulation today have a total worth of about $829 billion.
10  Two-thirds of that cash is held overseas.
[More things you don't know about money]

[via FX]

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