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Re: Backed money (reply to Mosler)
- To: POST-KEYNESIAN THOUGHT <pkt@xxxxxxxxxxxxxxxx>
- Subject: Re: Backed money (reply to Mosler)
- From: "ÁÎ×Ó¹â HenryC.K.Liu ¹ù¤l¥ú" <hliu@xxxxxxxxxxxxxx>
- Date: Mon, 06 Mar 2000 19:55:03 -0500
- Message-tag: 1854
Warren Mosler wrote:
> Let me again
> bring in Innes' What is Money, 1913, from http://www.warrenmosler.com
>
> "But a government produces nothing for sale, and owns little or no property; of what value, then, are these tallies to the creditors of the government?
This is factually not correct. The US governemnt owns 80% of the nation's land. Similarly for Hong Kong, the SAR government owns all the land, and leases about 15% currently to the private sector.
Henry C.K. Liu
- Thread context:
- Re: General Theory Seminar--Moore (reply to Mosler), (continued)
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