Fiat requires zero effort to create! What!
You know printers that do micro-printing for free, do auditing and serialization for free, and handle tracking and counterfeit detection for free, places that do quality-control and distribution for free... Let me in on your "free money printers". (Not to mention insurance for "held bills". Which no coin offers.)
But I digress... lol.
I believe it costs over $3 to print a $1 bill, and over $0.05 to make a penny. (But that penny earns more than $3.00 in taxes as it passes through multiple peoples hands. Yet is is worth less than a penny, physically, in value.)
You know printers that do micro-printing for free, do auditing and serialization for free, and handle tracking and counterfeit detection for free, places that do quality-control and distribution for free... Let me in on your "free money printers". (Not to mention insurance for "held bills". Which no coin offers.)
But I digress... lol.
I believe it costs over $3 to print a $1 bill, and over $0.05 to make a penny. (But that penny earns more than $3.00 in taxes as it passes through multiple peoples hands. Yet is is worth less than a penny, physically, in value.)
Lol... you know that FED is creating 48 Billion dollar per month. Based on this reasoning, the FED must be paying 144 Billion dollar to mint factory, and the mint factory is paying 96 Billion dollar to its suppliers, 2x amount of QE3 money went to printing money. Wait, since there are only 48 Billion dollars added to economy each month, where are those 96 Billion dollar come from
![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
The Fed doesn't actually print money. The QE program is implemented by changing values in accounts electronically, not actually printing bills. People call it "printing money" because it can have similar effects.