Participatory budgets

Lagrangian Republican Association

In previous posts we have discussed how the governments of space settlements can raise money and how they can avoid to borrow money. We will summarize the key points of these post: 1. Since governments are the owners of space habitats, they can use the collection of land rents to fund government expenditure, hence all other taxes can be abolished. 2. Because the government of a space settlement can require that land rent has to be paid in government issued money, it creates an effective demand for national currency and gives value to this money.

By playing with the height of (the total sum of) land rents (R), and the height of public expenditure (S), the government can control to growth of the money supply. This because the change of the money supply (delta M) is simply: delta M = S – R. In this way, governments of space…

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