multiple people have asked me how this works. i'm not an expert but might as well type it out, please correct me if wronghttps://twitter.com/TheStalwart/status/1241381460558389250 …
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basically, bills and coins work differently. a bill is basically an IOU note from the Fed. every time the Fed makes the money printer go brrr, it goes into more debt coins are NOT debt. the Treasury/Mint can make the money printer go clink clank without going into debt
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This isn't true in general. It's specifically a provision in the law that allows the treasury to mint commemorative coins without congressional approval
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"this" == that coins work differently than bills
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even Normal Coins are not debt, though. coins are different. yes, the decisionmaking process is a bit more complex than what i'm laying out, but the properties of the coinage are the same
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