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Printing Money Isn't What You Think It Is
Every year the Fed orders billions of new banknotes, and every year headlines read it as money printing. But the print order is a maintenance schedule, not monetary policy — and the split between replacing worn-out notes and actually growing the money supply is a number the Fed doesn't publish. This episode walks through the whole physical life of cash: how the Bureau of Engraving and Printing and the US Mint split the work, why a one dollar bill lasts 5.8 years while a hundred lasts 15, what happens to the 5,287 tons of shredded currency a year, and why Israel — with a fully sovereign…
The skinny
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