This text explain how really money should be accounted for in the balance to get a right idea on how much seigniorage could be shared among us.
A better way to account for fiat money at the Central Bank
Thomas Colignatus, December 31 2005
http://ideas.repec.org/p/wpa/wuwpgt/0512014.html
Summary
Proper monetary accounting rules are: (1) Central Banks should conform to the practice
of the US Federal Reserve to distinguish its Balance Sheet from its
Statement of Conditions. (2) Fiat money should not appear as a liability
in a Balance Sheet. (3) The Central Bank should not record more
government bonds than required for open market operations. Surplus bonds
should be accounted as being void (on loan from the government who
should destroy them). If these rules are not observed, a wrong measure
of government debt arises, distorting the requirements for policy
making.
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