Aleksander is right; printing money is very much like taxation is some regards. And make no mistake, it is a great source of income for governments all over the world. For more, see Robert Mugabe, the avant-gardist of seigniorage.
Also, I'm pretty sure QE is not government expenditures; the...
Hi David,
T3.Products notes refer to it as Cornett, Chapter 15, and without cross checking with the study guide I was blindly trying to find the corresponding problem set. We share the blame. :)
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