... I'm very confused ... I thought The Fed could just print all the money one could ever need

It’s just the power of belief connected to pieces of paper. Haven’t we been told repeatedly that simply believing some proposition makes it so?

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Reminds me of the Duchess from Alice In Wonderland.
The one who professes, “Everything got a moral, if only you can find it.”
As I recall her morals are expressed in this manner:
“The more for me; the less for you.”

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Yes, all the money one could ever need . . . unless one is a “Deplorable.”

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… BINGO! Fiat! BINGO!

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