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Suppose the government can raise 10 goods worth of revenue by printing money (seigniorage) or by collecting a lump-sum tax. In both cases, the revenue

Suppose the government can raise 10 goods worth of revenue by printing money (seigniorage) or by collecting a lump-sum tax. In both cases, the revenue is used to make a lump-sum transfer payment to each old person. Which option is preferred? Briefly explain why

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