soula avramidis wrote: > I would have thought that dollar seignorage and > issuing debt on a global scale provides more > future rents than any of the costs now. they > maintain a stature of empire.
Last time I looked, estimates of total seignorage revenues were about 2 billion USD. Say they are 3 billion/year now. That's like 1/3 of a percent of the total federal gov revenues/year. It doesn't even register as -- say -- a fraction of annual US GDP. What portion of those revenues has anything to do with invading and occupying Iraq? As far as issuing debt, maybe I don't understand, but the rents would flow to those holding the debt from those issuing it. That means that the US would have to disburse them. Purposefully accelerating USD inflation to decrease the real value of that debt would be like shooting yourself in the foot to get a week off at work. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
