What auctions are you talking about?
This is a subject that gets somewhat complex; I apologize for assuming a certain level of audience knowledge about how the Fed and the Treasury works, and how dollars are (supposed to be) created.
I could attempt to explain, but in all honesty any short description would leave out important (relevant) details. I would suggest searching the web to find appropriate books and videos that describe the Fed's role in creating money in collaboration with the Treasury Department (or at least, how the process is supposed to work), which can no doubt do a better job at describing the process than any short post here could.
Dollars are not created by Treasury auctions.
This is a subject that gets somewhat complex;
It's complicated and I'm in over my head.
I apologize for assuming a certain level of audience knowledge about how the Fed and the Treasury works, and how dollars are (supposed to be) created.
I thought I could BS my way through the topic.
I could attempt to explain, but in all honesty any short description would leave out important (relevant) details.
I just realized that you caught my BS, so I'm going to run away, before I say any more stupid things on this thread.
I would suggest searching the web to find appropriate books and videos that describe the Fed's role in creating money in collaboration with the Treasury Department (or at least, how the process is supposed to work), which can no doubt do a better job at describing the process than any short post here could.
Maybe if you look for your own info, I'll be able to pretend I knew what I was talking about.