A.Word.A.Day--seigniorage
Joseph M. Reagle Jr.
reagle at MIT.EDU
Wed Jun 5 20:55:37 PDT 1996
>From: Wordsmith <wsmith at wordsmith.org>
>To: linguaphile at wordsmith.org
>Reply-To: anu at wordsmith.org
>Subject: A.Word.A.Day--seigniorage
>Date: Wed, 5 Jun 1996 00:51:14 -0400
>
>sei.gnior.age or sei.gnor.age \'sa-n-y*-rij\ n [ME seigneurage, fr. MF,
> right of the lord (esp. to coin money), fr. s]eigneur : a government
> revenue from the manufacture of coins calculated as the difference between
> the monetary and the bullion value of the silver contained in silver coins
>
>
> 1996 MARK BERNKOPF, Electronic Cash and Monetary Policy,
> "The widespread adoption of electronic cash would deprive Federal
> authorities of a substantial amount of seignorage, the margin
> between the face value of currency issued, and the costs of issuing
> that currency. In 1994, the Federal Reserve turned about $20 billion
> in seignorage over to the Treasury."
>
>
>...........................................................................
>When you starve with a tiger, the tiger starves last. -Griffin's Thought
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_______________________
Regards, Real generosity toward the future lies in giving
all to the present. - Albert Camus
Joseph Reagle http://farnsworth.mit.edu/~reagle/home.html
reagle at mit.edu E0 D5 B2 05 B6 12 DA 65 BE 4D E3 C1 6A 66 25 4E
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