I am clueless about finance etc. Why is this a good thing? I realize the Fed Reserve is very evil, but why is printing money out of thin air by the Treasury better? I have read that Congress is the only outift allowed to coin money, so printing $ by the Treasury is certainly better than the Federal Reserve. But ....not grokking very well.
“ I realize the Fed Reserve is very evil, but why is printing money out of thin air by the Treasury better?”
To find the answer, ask yourself this question:
Is it better for the Treasury to print money, or for the Federal Reserve print that same money and charge us interest for it?
The money supply is the same in both examples, and printing it will indeed cause inflation, but only one of them requires us to “pay anything back”, with interest.