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When a government uses seignorage, inflation effects everyone in an economy equally. inflation tends to decelerate. there is a redistribution of wealth away from holders
When a government uses seignorage, inflation effects everyone in an economy equally. inflation tends to decelerate. there is a redistribution of wealth away from holders of money towards real asset holders. it cannot be used on real goods. there is a decline in sovereign bond risk
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Microeconomics
Authors: Christopher T.S. Ragan, Richard G Lipsey
14th canadian Edition
321866347, 978-0321866349
