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<p>[QUOTE=&quot;InfleXion, post: 1307646, member: 29012&quot;]I think the lack of concise definitions is what is causing the confusion here. Treasuries far exceed dollars as far as total debt goes, but they are not dollars. They are debt, and thus they impact the fiscal situation in much the same manner as dollars do since money is also debt. While Treasuries do not require dollars to be created for purpose of the purchase, this is status quo and the two actions are often lumped together, and Treasury sales require dollars being spent whether that comes from new money creation by the Fed or by foreign buyers converting their currency into dollars for said purchase. Dollars can be paper or digital, and they are all notes of the Federal Reserve, but only paper notes have the &#039;Federal Reserve Note&#039; distinction even though digital notes are exactly the same minus the tangible paper. I propose we start calling the digital notes Federal Reserve Digital Notes (FRDNs) since the term &#039;dollar&#039; is ambiguous.[/QUOTE]</p><p><br /></p>

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