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Giacinto Auriti’s “economic symbol of inducted value,” or the simec, is used as currency in Guardiagrele, Italy, producing a frenzy of consumption and disdain for . Scuola Giacinto Auriti. K likes. Sito internet: Canale you tube: Scuola Giacinto Auriti added a new photo. See more of Scuola Giacinto Auriti on Facebook. Log In. Forgot account? or. Create New Account. Not Now.

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Giacinto Auriti | Yashiro and Berenson

Please see this article’s entry on Pages needing translation into English for discussion. Consequently, Auriti wrote, “The vision of the currency and monetary functions which the petitioner intends to credit is clearly distorted and completely unfounded” June Learn how and when to remove this template message.

But, notes the Bank, “tickets just produced by the workshop production of the Bank of Italy are a mere commodity owned by the Central Bank, who is directly printing and assume the related costs Article 4, paragraph 5 of Act no. Xuriti two bills, on 11 January giiacinto, presented by Senator Luigi Natali and signed by 17 other Senators of the Republic are part of five different parties, ranging from Communist Refoundation to the National Alliance and on 11 Februaryby Senator Antonino Monteleone of the National Alliance, Auriti’s thesis was implemented, even if the Senate does not discuss anything, as totally baseless.

He is the author of several texts on the subject of Maritime Law. In this sense, the central banks are private corporations, who according to Auriti derive undue profits from seigniorage on the issue of paper money, assuming responsibility for an important source of public debt. The experiment developed in two phases.

Giacinto Auriti

This article has multiple issues. The Bank of Italy opposed the request. Second, was the creation of an Income for the Department of Citizenship to promote ‘initiative’, which was moderately successful, because SIMeC were sold at par in exchange for pounds and withdrawn twice the original value. From Wikipedia, the free encyclopedia. Please help improve this article by adding citations to reliable sources. Please help by spinning off or relocating any relevant information, and removing excessive detail that may be against Wikipedia’s inclusion policy.


He became famous for his monetary theory on seignioragewhich sees money from a different view – one that is of the jurisprudence. Hence the need for this value, responding to a fundamental public interest, should be defended and guaranteed by public authorities, were assigned to function in modern central banks. Giacinto Auriti born 10 October in GuardiagreleRome and died on 11 August was an Italian lawyer, essayist, and politician.

It was considered false because the bank promise gold that it did not have. Inhe ran for the elections to the European Parliament on the list “Social Alternative” by Alessandra Mussolini. In addition, the Official Gazette, as required by law, such transactions monthly reports.

Giacinto Auriti – Wikipedia

This article contains translated text and needs attention from someone with dual fluency. By using this site, you agree to the Terms of Use and Privacy Policy. Learn how and when to remove these template messages. He pioneered monetary law as an academic discipline in the University of Teramo—developing an economic theory that outlines how currency – as a measure of value and as such conventionally accepted by those who use it as a medium of exchange – is a “tool” for the exchange of goods the auritti of the induced value of money.

This theory draws more power from the abolition of the direct relationship between money convertible into gold and gold reserve, established by the Bretton Woods initiative launched by the Richard Nixon administration on 15 August That end up as an asset.


Please help improve it or discuss these issues on the talk page. Giacinto Auriti was born on October 10, This ideal led to many public initiatives such as reform of the private banking system and the Bank of Italy. This page was last edited on 18 Novemberat The Bank of Italy posited that the coinage is an expression of state sovereignty, and therefore “the value of the currency draws its basis only and only by rules of the road, which, usually, regulate in detail the creation and circulation of currency shall stipulate the discharging effect, punishing the failure to accept it as payment and protect the public trust against the falsification and alteration.

Retrieved from ” https: Purchasing function and the value of money only when the Bank of Italy markets goacinto and transfer the property to the recipients.

These assets are recorded as assets or liabilities in the accounts of the Bank who purchases aurihi receives in return pledge assets or securities bonds, currencies, etc. Auriti’s theory viewed the issued banknotes as mere promissory notes and false bills of exchange issued by the banks. He also questioned the legality of the then existing system of monetary emission, leading to the transformation of the Central Bank as the managing body responsible for monetary values and policy.

The costs were borne by the same Giacinto Auriti. Following an intervention by the Guardia di Finanza on a disposition of the Prosecutor of Chietithe SIMeC in circulation, however, were confiscated.