'The amount of real purchasing power that [a] government can extract from the public by printing money.'' -- Cukierman 1992 Explanation: When a government prints money, it is in essence borrowing interest-free since it receives goods in exchange for the money, and must accept the money in return only at some future time. It gains further ...
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The profit that results from the difference in the cost of printing money and the face value of the... <a target=_blank href='' title='Read full definition of seignorage'>more</a>
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