Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Central Banks are soooo Last Century, Jake.

A transitional alternative is for national Treasuries to create x billion euro's worth of tax anticipation credits, and to issue them directly to public or private entities wishing to create productive assets.

Service-providers-formerly-known-as-banks manage the process and an accountable monetary authority oversees it.

A service charge covers service/platform costs, and there is a guarantee charge paid into a default pool for the use of a Treasury guarantee, from which the service provider gets a performance-based share.

No ECB Euro's are created: the Euro is used as an abstract unit of measure or value standard.

The only question then is what should be the basis of the tax being anticipated. I favour a levy on land rental values, and another on carbon use.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Sun Jun 6th, 2010 at 05:58:59 PM EST
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