Mach, Petr; Hanzák, Tomáš - In: Politická ekonomie 2004 (2004) 4, pp. 513-518
The government is able to acquire real goods through printing money. Because government does not create wealth through printing money, this revenue, the seigniorage, is at the expense of the public, as the purchasing power of monetary units decreases because of the issue of new money. The...
