Monopoly in Money and Inflation. The Case for a Constitution to Discipline Government.

BUCHANAN (James M). & BRENNAN (H. Geoffrey).

Published by Publication Date: 1981

First edition. 8vo. 68 pp., with the publisher's prospectus loosely inserted at rear. Original printed wrappers (spine faded, otherwise an excellent copy). London, The Institute of Economic Affairs, Hobart Paper 88. 'Buchanan and H. Geoffrey Brennan?s Monopoly in Money and Inflation discusses Leviathan?s tendency to use inflation, which devalues existing money and public debt, to maximise its revenues from the monopoly power of money creation. They propose responding with any of several possible constitutional amendments, such as mandating a particularly rate of monetary growth, eliminating the government?s monopoly over money issuance, or even eliminating its power to issue and regulate money' (Shaviro, Do Deficits Matters?, p. 92). Seller Inventory # 244827

Bibliographic Details

Title: Monopoly in Money and Inflation. The Case ...
Publication Date: 1981
Binding: Soft cover
Edition: 1st Edition