This is also how the Federal gov't gets the states to toe their line. States can't print money! So they, run by Democrats, drive their economies into the ground, give away freebies for votes, running up debt. Then depend on the Federal gov't to bail them out, because the Federal gov't CAN print money! Easy peasy....

So the Fed says whatever they want, and the greedy blue states fall all over themselves to comply. All for that sweet, sweet fiat money.