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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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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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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You're right that coins aren't debt, but that's because the Mint doesn't report to the federal reserve, the report to the secretary of treasury. The only time coins go through the fed is to fund the mint itself. The secretary of treasury cannot increase the coins in circulation
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