No, the Fed corporation functions as a National central bank and creates money. The Treasury, a government institution, issues bonds to borrow money. This means that the Treasury only uses money that has already been created by the Fed, either obtained by taxes or when the Fed bought Treasury debt. The Treasury mints coins but that's a miniscule amount of the money volume.

But that's still not where over 90% of the money comes from - which is commercial bank loans and credits. This is the driving process behind money creation and that's why lowering interest rates leads to more loans and increase of money supply aka inflation.

It's amazing that people are so ignorant how the money system works and where money comes from. I mean, how can anyone be critical of the system (or any alternative system like gold and BTC) if they don't even know how it works? I bet you that not a single person on this forum beside me knows this widely available basic information. Why? Because people are lazy and think they know it all and prefer writing bs instead of reading a damn book. It all comes to pride and lack of humility which prevents people from learning from others.