نوع مقاله : پژوهشی
موضوعات
عنوان مقاله English
نویسنده English
What are the implications of the legal and economic analysis of the money creation process for the judicial system? It is argued that from a legal and ethical point of view, the phenomenon of "increasing in liquidity" is not neutral. Technical and accounting process of money creation has a legal nature and is seriously related to the duties of the judicial system from the perspective of "justice", "protecting of public rights" and "identifying and removing the roots of corruption". Investigating the monetary and banking system of Iran shows that banks and individuals associated with them have ability to create money and obtain purchasing power without any work or producing goods or services. An increase in liquidity equals an increase in the total amount of Rials, but this increase in Rials is not distributed equally or proportionally among the citizens and most of it does not go to the government. The creators of Rials will used this new Rials to buy goods and services and speculate in the asset markets (real estate, gold, dollar and stocks) at pre-inflation prices and thus their wealth will increased. This increase in the wealth of the money-creators is equivalent to the decrease in the wealth of other people. Understanding the nature of the money creation process and its details is a prerequisite for any kind of political or judicial intervention to prevent fraud in the national currency (Rial) and protect public rights.
کلیدواژهها English