Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Haim R. Branisteanu who wrote (73731)	5/28/2010 3:20:51 PM
From: Snowshoe	of 74559

>>what you mean "seniorage"<< He meant seigniorage, but he has spelling problems just like you <g>... en.wikipedia.org Seigniorage is a convenient source of revenue for some national banks. In macroeconomics, seigniorage is regarded as a form of inflation tax, as paying for government services by issuing new currency (rather than collecting taxes paid out of the existing money stock) has the effect of creating a de facto tax that falls on those who hold the existing currency, as a result of its effective devaluation through the introduction of additional money.[3]

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