Is printing money free money or debt the government has to pay off?

[gwynedd1]

Originally Posted by Bubble99

So the $2 trillion paper money in circulation there is no debt for it?

When a bank or government ask the Bureau of Engraving & Printing to print money there is no debt?

Money is essentially debt. Cash is just a non interest bearing obligation. Its still just another note.

[Bubble99]

Originally Posted by gwynedd1

Money is essentially debt. Cash is just a non interest bearing obligation. Its still just another note.

What do you mean debt to who?

If bank has million dollars in the vault who is the million dollars in cash is the debt to?