Thursday, August 1, 2013

Seigniorage: An Inflation Tax to Benefit the Overlord – a Survey.

Assume the following facts to be true and answer the question that follows:

If the overlord is not to be deprived of his seigniory. (See:  Braswell v. Braswell, 195 Va. 971 at 975, 81 S.E. 2d 560 at 562 (1954), a property case on Doctrine of Worthier Title.)

And, seigniorage (a.k.a. ‘inflation tax’) is to be collected by those
              who print currency.

The entity that prints the currency is the overlord:

(*edit Oct. 30th, 2015. I maybe should say, "The entity to which the money is given immediately after it is printed is the overlord:" )

___ Always

___ Never

___ Sometimes

___ Uncertain from the facts given

(You can give your answer to this question on the SurveyMonkey link immediately above which should take you to the survey located at: )

FYI / Definitions:

seign·ior·y : 

The power, rank, or estate of a feudal lord. Also called signory.

[Middle English seigniorie, from Old French, from seignor, seignior; see seignior.]

seigniory, signory:
n pl -gniories, -gnories
1. (Historical Terms) less common names for a seigneury
2. (Historical Terms) (in England) the fee or manor of a seignior; a feudal domain
3. (Historical Terms) the authority of a seignior or the relationship between him and his tenants
4. (Historical Terms) a body of lords


Definition of SEIGNIORAGE
: a government revenue from the manufacture of coins calculated as the difference between the face value and the metal value of the coins

sei·gnior·age or sei·gnor·age

Middle English seigneurage, from Anglo-French seignurage right of the lord (especially to coin money), from seignur
First Known Use: 15th century

What Is Seigniorage?
Another way to look at it (but maybe not how I would explain it):

Wikipedia’s way of explaining it.  (Wikipedia’s maybe not good for reference but it’s often good to see opposing viewpoints in the same webpage document, nevertheless.)