borrowings that the treasury will undertake where does the money come from >> your question isn't dumb. it's just antiquated you can click a button and credit the account you don't have to print the money anymore. that's the way we used to do it. now you just create it >> create it out of thin air it doesn't really exist. >> thin air is how they used to do it. now they use electricity and create zeroes and ones and binary stuff it doesn't become actual cash in the economy until it's loaned out. right now it stays within the system it's a transfer of the debt on a private sector balance sheet onto the debt of the federal reserve's balance sheet.