tag:blogger.com,1999:blog-2277215496195926573.post1949781414762834503..comments2024-01-01T07:41:51.347-08:00Comments on RALPHONOMICS: Positive Money goes wrong on seigniorage.Ralph Musgravehttp://www.blogger.com/profile/09443857766263185665noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2277215496195926573.post-15225723660006559822014-05-29T10:05:17.692-07:002014-05-29T10:05:17.692-07:00Well OK, but then everyone is confused - apart fro...Well OK, but then everyone is confused - apart from me of course!?!?!?Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.comtag:blogger.com,1999:blog-2277215496195926573.post-72541164463851911842014-05-29T06:19:56.914-07:002014-05-29T06:19:56.914-07:00The muddled thinking of Positive Money is a liabil...The muddled thinking of Positive Money is a liability for the worthy cause of Full Reserve banking.<br />- False claims about Seignorage Benefits, discussed above.<br />- False claims about Environmental Benefits, discussed as spurious argument 40 in Ralph Musgrave's paper:<br />http://mpra.ub.uni-muenchen.de/56123/ <br />- Confused proposals for a new type government bond, namely ‘perpetual zero-coupon consols’, which supposedly would avoid increasing the national debt, see http://ralphanomics.blogspot.com/2013/11/positive-moneys-latest-publication.html<br />- An very complex, difficult to comprehend and inferior system for implementing full reserve banking, as often pointed out in this blog.KongKinghttps://www.blogger.com/profile/10992633301481631373noreply@blogger.comtag:blogger.com,1999:blog-2277215496195926573.post-30745787057477895552014-05-29T05:36:34.356-07:002014-05-29T05:36:34.356-07:00Yes. That's what I was saying.Yes. That's what I was saying.POKhttps://www.blogger.com/profile/16111950298664203217noreply@blogger.comtag:blogger.com,1999:blog-2277215496195926573.post-55462008852052343362014-05-29T03:54:33.780-07:002014-05-29T03:54:33.780-07:00That's about it. I'm saying there is seign...That's about it. I'm saying there is seigniorage with vertical money, but none with horizontal, which is what I think you meant to say????Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.comtag:blogger.com,1999:blog-2277215496195926573.post-90225798159840827542014-05-29T02:59:48.410-07:002014-05-29T02:59:48.410-07:00So if I understand correctly, they are assuming se...So if I understand correctly, they are assuming seigniorage not just from vertical monetary expansion but also from horizontal monetary creation where there is in fact none?POKhttps://www.blogger.com/profile/16111950298664203217noreply@blogger.com