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seigniorage August 10, 2011

Posted by vocabulry in Uncategorized.
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Profit made by a government by issuing currency, esp. the difference between the face value of coins and their production costs.


“ Because we live in a world of fiat currencies, in which the Treasury can unilaterally create money out of thin air. Instead of borrowing the money, we could use seigniorage to create it.”

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