> The US government cannot (legally) print whatever they need
Yes, it can.
> The Federal Reserve can, but the government cannot
The decision-making part of the federal reserve (the Board of Governors) is:
1. An executive branch agency, independent within the government, the same as (e.g.) the FCC, and
2. Has all of its authority delegated from Congress from Congress’ Constitutional powers via statute.
Anything it can legally do is a subset of what the government can legally do, which can be recalled and reassigned to other parts of the Government, or exercised directly, by Congress at will.
Yes, it can.
> The Federal Reserve can, but the government cannot
The decision-making part of the federal reserve (the Board of Governors) is:
1. An executive branch agency, independent within the government, the same as (e.g.) the FCC, and
2. Has all of its authority delegated from Congress from Congress’ Constitutional powers via statute.
Anything it can legally do is a subset of what the government can legally do, which can be recalled and reassigned to other parts of the Government, or exercised directly, by Congress at will.