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: http://www.surveymonkey.com/s/9FKBD9L )



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






Seigniorage:

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

Variants of SEIGNIORAGE
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):



Seigniorage: 
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.)