Tuesday, November 22, 2016

More Stiglitz e banking public credit option

"The fact that the money created by the government can be used to pay the taxes that are owed to the government, and that the government has the power to levy taxes, ensures the value of the credit it has created. Indeed, because the credit that has been created is electronic money, the movement of which can easily be monitored, the government has not only the ability to levy taxes; it also enhances the ability to collect taxes. "