Maybe I’m committing a terrible sin by posting 2 GQ’s practically in a row, but this is closely related to this thread I just started, while being distinct enough to probably merit its own thread.
When the US Treasury Department prints/mints new money, how do they disperse it? I’m guessing banks order bills by making electronic transfers? Who gets it besides banks? If it is based on electronic transfers, how did they do it before computers? And if the Treasury is collecting dollar credits for every physical dollar they dole out, how do they subsequently divide up those funds? Or am I just completely off in understanding how this must work?