A fee on credit creation would collect both externalities and economic rent complementing any lvt. Good credit creation could have a low fee while destructive credit creation could have a higher fee. Do we really have to collect all the economic rent using a lvt? Can we collect it using fees for monopolizing the commons we call state money (demurrage) and fees on the privilege credit creation (seigniorage) together with lower fees for the natural resource commons (lvt, resource rent tax,...)? Is it easier to implement other ways of collecting economic rent? Are we focusing too much on a pure lvt?
Posted on: Sun, 07 Dec 2014 16:35:29 +0000
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