The temptation of dollar seigniorageSubmitted by SIERRAHPBT on Mon, 01/26/2009 - 17:48
The temptation of dollar seigniorage
By Kosuke Takahashi
TOKYO - As the United States seeks to finance its ballooning budget deficits by printing more US dollar bills, Japanese economists are increasingly concerned that the excessive use of dollar seigniorage by US financial authorities will further shake confidence in the US currency at a time when the world lacks an alternative globally accepted currency.
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