JOURNAL ARTICLE
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Geld- und steuerpolitische Ideen von Irving Fisher
Erinnerungen eines Mitarbeiters
Credit and Capital Markets – Kredit und Kapital, Vol. 28 (1995), Iss. 2 : pp. 298–313
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Hans Cohrssen, Frankfurt/Main
References
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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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Cohrssen, Hans R. L. (1932): Wära, The New Republic, August.
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Cohrssen, Hans R. L. (1991): Arbeiten mit Irving Fisher, in: Geld-Währung-Kapitalmarkt Working Papers Nr. 20, Hrsg. Prof. Dr. Wolfgang Gebauer, Frankfurt.
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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.