> this money is "created" not from nothing, but from future commitments (ala, debt repayments, or promise of profits), which is not the same as what comes out of the Fed
Most money is created by banks, not by the Fed. When banks create deposits they're booking it against a loan. Similarly, the Fed creates money by buying assets, principally Treasuries. There is an offsetting account. The only party that can truly just "mint" currency is the US Mint.
> you cannot compare Fed printing money to company investing money
Yes, you can. Nvidia creates M4 which drives M2 and thus M1. Banks create M1. The Fed creates monetary base. These are different components of the same money supply [1].
NVDA itself(!) does not increase M4 - if they give a loan, its an assets swap on their balance sheet with no influence on money in total available (since the money on their account is gone!)
Most money is created by banks, not by the Fed. When banks create deposits they're booking it against a loan. Similarly, the Fed creates money by buying assets, principally Treasuries. There is an offsetting account. The only party that can truly just "mint" currency is the US Mint.
> you cannot compare Fed printing money to company investing money
Yes, you can. Nvidia creates M4 which drives M2 and thus M1. Banks create M1. The Fed creates monetary base. These are different components of the same money supply [1].
[1] https://en.wikipedia.org/wiki/Money_supply#United_States