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EGreg
64 days ago
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The Miracle of Wörgl
Seigniorage doesnt create liability
But commodity money doesn’t require seigniorage
hgomersall
64 days ago
[–]
Seigniorage absolutely relies on the fact that money redemption value is different to the value of metal (or whatever). That difference is the liability.
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But commodity money doesn’t require seigniorage