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Honestly, if governments paid out all social benefits in a demurrage currency which they accept for tax payments, they would save a lot of money because the vel
by imtringued 3y ago
Honestly, if governments paid out all social benefits in a demurrage currency which they accept for tax payments, they would save a lot of money because the velocity and therefore fiscal multiplier of a demurrage currency is very high.
Christian Gelleri made this proposal to solve the Greek crisis: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3144910 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3144910