The Congress, wishing to spend more money than it had courage to extract from the taxpayers, issued bonds. Not wanting the interest rates to go sky high congress created the Federal Reserve with the power to create money. They create money by pushing computer keys, but we have to pay them back with money earned from working. Just like the bartender that waters the whiskey or the farmer that waters the milk our federal government has diluted the purchasing power of the money we are forced to use. This is unconstitutional and is stealing the productivity from anybody that has saved a dime.
Money is the lifeblood of a free-market economy.
With the power to control money you get the power to control people. General Motors, Sears, or Disney should be able to create money. Disney did once issue money but was soon shut down by the feds. Accept federal reserve notes or Disney dollars. Reject Sears bucks, or not, as payment.