@DarthAzrael 27 December 2022

As most people reading this probably know, fiat money is money created by government fiat and is not backed by anything other than individuals' faith in that government. This is in contrast to currency backed by a commodity, traditionally gold. With fiat currency, government does not need more gold (or any other commodity) to print more paper money. So how does the government create money? It turns out there are many ways that this happens though none are quite so simple as just printing it. The linked article goes over a few of them. Read more: https://hive.blog/hive-167922/@darth-azrael/how-does-the-federal-reserve