but icbw, i'm not a lawyer, could be that the practical effect is that 5111(a) means "congress needs to authorize it" but 5112(k) bypasses it
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Replying to @ManishEarth
That all depends on if you think a judge will side with you on whether your decision actually fits "to meet the needs of the united states"
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Replying to @sgrif
yeah fair. what my reading of that was that 5111(a) applies to everything in 5112, so the needs thing also applies to 5112(k)
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Replying to @ManishEarth
I think the best way to make the point is to reverse the reasoning here again. If that were true they would just use bills
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Replying to @sgrif
bills are not done by the mint, they're done by a different part of the treasury, and as I understand it that's a service they provide for the Fed (so this needs congressional approval since it improves debt)
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Replying to @ManishEarth
Right. The mint doesn't have the authority to mint coins. It only does so as directed by the treasury. They do not report to the fed, but they do sell coins to the fed to fund themselves
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Replying to @sgrif
ah, this is what i'd missed. gotcha but yeah this is super pedantic mostly :) money is hard (abolish it?)
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Replying to @ManishEarth
Basically the mint is doom and the fed is animal crossing
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No Manish it goes beep boop now have you not been reading the thread
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