Would a State Monopoly over Money Creation Allow for a Reduction of National Debt? A Study of the “Seigniorage Argument” in Light of the “100% Money” Debates

Samuel Demeulemeester

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Abstract: This chapter discusses the "seigniorage argument" in favor of public money issuance, according to which public finances could be improved if the state more fully exercised the privilege of money creation, which is, today, largely shared with private banks. (...)

Keywords: Chicago Plan; Seigniorage; Irving Fisher; Public Debt; Money Creation; 100% Money (search for similar items in EconPapers)
Date: 2020-02-19
New Economics Papers: this item is included in nep-cba, nep-gen, nep-mon and nep-pay
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Published in Research in the History of Economic Thought and Methodology, 2020, 38A, pp.123-144. ⟨10.1108/S0743-41542020000038A010⟩

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Chapter: Would a State Monopoly Over Money Creation Allow for a Reduction of National Debt? A Study of the “Seigniorage Argument” in Light of the “100% Money” Debates (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02495683

DOI: 10.1108/S0743-41542020000038A010

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