> >>
>
> I'm not sure seigniorage is the right word for this,
> but at any rate, for a yearly loan of $250b, the
> interest saving at 6% is $15b annually.
> Not much to hang an empire on.
>
I think segniorage should also include the ability of the US to get $200-300 billion worth of stuff from the rest of the world each year, and make entries on computers in return. This gets closer to real money.
> mbs
-- Enrique Diaz-Alvarez Office # (607) 255 5034 Electrical Engineering Home # (607) 272 4808 112 Phillips Hall Fax # (607) 255 4565 Cornell University mailto:enrique at ee.cornell.edu Ithaca, NY 14853 http://peta.ee.cornell.edu/~enrique