Year: 1995
Author: Cohrssen, Hans
Credit and Capital Markets – Kredit und Kapital, Vol. 28 (1995), Iss. 2 : pp. 298–313
Abstract
Certain Monetary and Tax Policy Ideas of Irving Fisher - Reminiscences of a Member of His Team
During the Great Depression, Cohrssen (1905), as a proponent of the ideas of Silvio Gesell, advocated that self-liquidating substitute money called stamp scrip be issued in the USA. He was able to win Irving Fisher, the leading economist at the time, for his idea and became his closest collaborator in the period from 1932 to 1942. Cohrssen describes Fisher’s style of work and his productivity as a proponent of stable money and underlines in particular Fisher’s demand for eliminating the private banking system’s credit creation monopoly - a proposal that may sound utopian still today. Not less utopian seemed his 1942 proposal for eliminating income taxation and for replacing it by consumption tax - a proposal that is attracting attention in the current tax policy discussion.
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/ccm.28.2.298
Credit and Capital Markets – Kredit und Kapital, Vol. 28 (1995), Iss. 2 : pp. 298–313
Published online: 1995-02
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 16
Author Details
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Allen, William R. (1977): Irving Fisher, F.D.R., and the Great Depression, Sonderdruck aus: The History of Political Economy, Vol. 9 No. 4, 1977.
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