An addition to a comment over at the Pragmatic Capitalist concerning the Trillon dollar coin.
I was not suggesting the private issue of money, although that is where we are heading. The paper by Fekete simply explains the ancient role of the mint which has been usurped by the central banks.
The other paper I mentioned has been uploaded to my web site (didn’t know how to attach a PDF and could not find it on the original site.) Here is the PDF http://scoinsandbullion.com/blog/304-seigniorage.html and here is the original author. http://www.conallboyle.com/index.html
The paper calculates how a mint- owned by the government- makes money from creating coins which is government revenue. If this concept was added to the creation of all money: i.e. M4 not just M0, it would completely cover the annual UK budget. And I presume with a few more zero’s the US budget too.
| File | Description | File size |
|---|---|---|
 ProperityArtSeigniorageandtheBoE.pdf | 68 Kb |
