Abstract
In this chapter we will turn to what government ought to do. This chapter will specifically treat only sovereign government—one that issues its own floating rate currency. From the chapters above, that will make it clear that we are addressing only a government that does not face an affordability constraint. The floating rate regime provides the greatest domestic policy space. Nations that peg or manage their exchange rates might have less policy space, depending on their own situation.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
- 1.
One proponent of platinum coins is Joe Firestone; see here: http://neweconomicperspectives.org/2013/02/framing-platinum-coin-seigniorage-a-working-document.html. Accessed August 8, 2023.
bibliography
Atwood, M. (2008). Payback: Debt and the Shadow Side of Wealth. Anansi.
Barlett, D. L., & Steele, J. B. (1988, April 10). A Rich Texas Widow Could Save $4 Million. The Philadelphia Inquirer, A15.
Bell, S. (2000). Do Taxes and Bonds Finance Government Spending? Journal of Economic Issues, 34, 603–620.
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2024 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this chapter
Cite this chapter
Wray, L.R. (2024). Monetary and Fiscal Policy for Sovereign Currencies: What Should Government Do?. In: Modern Money Theory. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-47884-0_7
Download citation
DOI: https://doi.org/10.1007/978-3-031-47884-0_7
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-031-47886-4
Online ISBN: 978-3-031-47884-0
eBook Packages: Economics and FinanceEconomics and Finance (R0)