Manmohan Singh on the Role and Structure of Stablecoins and the Impact of Collateral in the Financial System
Macro Musings with David Beckworth
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Is Seniorage Still an Important Form of Public Finance?
Seniorage is still an important form of public finance. And many emerging developing economies, and so this could be a big deal for them. If these other moneys outside the central bank sphere of influence begin to peffectively take seniorage away from the central bank. It could have a bearing on public finance weren't advanced economies are less of an issue. There's no theory in elsa that you can print money but what you're essentially doing is effectively printing cash. Thats a good conat but typically us Tresry or bones or jage beans will not work. From it also has less value than short-term treasury notes. Even this year we've seen Treasury re
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