Brian Romanchuk — Should We Care About Seigneurage?

Summary:
I believe I have a better understanding of Eric Lonergan's arguments regarding whether fiat money is a liability of a state with currency sovereignty. (This discussion does not apply to commodity money, or a state using a money issued by an entity not under its direct control.) If I am correct, I would phrase his argument as: the existing accounting treatment of money is incorrect, since it does not account for seigneurage revenue. (Seigneurage has multiple English spellings; I was using the French spelling on Twitter -- seigneuriage.)... Bond Economics Should We Care About Seigneurage?Brian Romanchuk

Topics:
Mike Norman considers the following as important: coin seigniorage, Eric Lonergan, MMT, seigneurage, theory of money

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