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At 13:08 08/09/2016 +0100, Martin Bland wrote: >I think that if a government prints extra money in a closed system, it is >redistributing wealth from citizens to state. I suspect mainly from >poorer citizens whose wealth is not in land. I don't really understand that. A government is obviously free to alter distribution of wealth however it sees fit (by manipulating taxes, benefit etc.), but that's a different matter - I don't really see why (in a 'closed' system), applying a multiplier to the amount of money in circulation (hence the number of units of currency available for distribution) would affect that. What am I missing? Kind Regards, John ---------------------------------------------------------------- Dr John Whittington, Voice: +44 (0) 1296 730225 Mediscience Services Fax: +44 (0) 1296 738893 Twyford Manor, Twyford, E-mail: [log in to unmask] Buckingham MK18 4EL, UK ---------------------------------------------------------------- ****************************************************** Please note that if you press the 'Reply' button your message will go only to the sender of this message. If you want to reply to the whole list, use your mailer's 'Reply-to-All' button to send your message automatically to [log in to unmask] Disclaimer: The messages sent to this list are the views of the sender and cannot be assumed to be representative of the range of views held by subscribers to the Radical Statistics Group. To find out more about Radical Statistics and its aims and activities and read current and past issues of our newsletter you are invited to visit our web site www.radstats.org.uk. *******************************************************