Comments on: California bill to allow IOU’s for State tax payments http://moslereconomics.com/2009/07/13/california-bill-to-allow-ious-for-state-tax-payments/ St Croix, United States Virgin Islands Wed, 23 May 2012 01:34:07 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jim Baird http://moslereconomics.com/2009/07/13/california-bill-to-allow-ious-for-state-tax-payments/comment-page-1/#comment-8596 Jim Baird Tue, 14 Jul 2009 12:15:49 +0000 http://www.moslereconomics.com/?p=8436#comment-8596 One way they could encourage payment in Arnie dollars would to offer a discount, say 5%, for payments made in them. It would stabilize the exchange rate while stopping short of full convertability. One way they could encourage payment in Arnie dollars would to offer a discount, say 5%, for payments made in them. It would stabilize the exchange rate while stopping short of full convertability.

]]> By: Zaid http://moslereconomics.com/2009/07/13/california-bill-to-allow-ious-for-state-tax-payments/comment-page-1/#comment-8594 Zaid Tue, 14 Jul 2009 06:26:54 +0000 http://www.moslereconomics.com/?p=8436#comment-8594 Does Chartalist theory distinguish between demand created from an "optional" vs. "mandatory" ability to settle taxes in the state money? In other words, I can still settle my tax bill in US$; so there's less demand for California scrip than if it were the only state money accepted as tax payment. Does Chartalist theory distinguish between demand created from an “optional” vs. “mandatory” ability to settle taxes in the state money?

In other words, I can still settle my tax bill in US$; so there’s less demand for California scrip than if it were the only state money accepted as tax payment.

]]> By: BerkShares, Buckaroos, and Bear Dollars: What Makes a Local Currency Tick? http://moslereconomics.com/2009/07/13/california-bill-to-allow-ious-for-state-tax-payments/comment-page-1/#comment-8577 BerkShares, Buckaroos, and Bear Dollars: What Makes a Local Currency Tick? Mon, 13 Jul 2009 19:09:59 +0000 http://www.moslereconomics.com/?p=8436#comment-8577 [...] Marshall Auerbach, Warren Mosler, and I have been arguing, California can turn its warrants into sovereign currency by agreeing to [...] [...] Marshall Auerbach, Warren Mosler, and I have been arguing, California can turn its warrants into sovereign currency by agreeing to [...]

]]> By: RSG http://moslereconomics.com/2009/07/13/california-bill-to-allow-ious-for-state-tax-payments/comment-page-1/#comment-8573 RSG Mon, 13 Jul 2009 18:02:27 +0000 http://www.moslereconomics.com/?p=8436#comment-8573 Why would the ramifications be profound? California, under the governership of Pete Wilson did it in 1992, i think about $4 bn worth. Also the scope of what can be paid for in iou's is fairly restrictive given certain state constitutional and federal laws. Why would the ramifications be profound? California, under the governership of Pete Wilson did it in 1992, i think about $4 bn worth. Also the scope of what can be paid for in iou’s is fairly restrictive given certain state constitutional and federal laws.

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