Talk:United States Department of the Treasury

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That quote from "Chapter XII of the Constitution" must come from a different source. The Constitution has Articles, not Chapters, and only seven of those. And it's not Amendment XII either, since that only concerns the election of the President. This language is not familiar to me; where did it really come from?

[edit] Operation Question

What '''''''determines''''''' how much money is produced by the treasury? I'm assuming it can't just print as much as it wants. There must be something to control inflation, right? 83.67.201.204 14:17, 3 May 2006 (UTC)

That is correct. The Treasury only prints as much money as the Federal Reserve purchases from it. The Federal Reserve purchases money (at the cost of printing/coining it) and banks purchase it (at face value) from the Fed. Of course, physical money is just a small part of the total financial system -- Fed open market operations are entirely electronic. The Treasury estimates that 95% of the money it prints is just to replace worn-out money.[1] But in a sense, yes, it can print as much as it wants -- our legal system is what keeps it in check! Afelton 20:43, 3 October 2006 (UTC)