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Draft legislation to issue one trillion dollars of negative interest rate money was introduced into Congress on February 17, 1933.The legislation was reproduced as an Appendix in the 1933 book published by Professor Irving Fisher on Stamp Scrip as posted at: This is because they would avoid paying a credit card commissions on every transaction.They would only need to pay the negative interest rate on vouchers that they did not use.Refer to my articles: How might cell phone money change the financial system?Today, Global economy is lacking of short term funds & many companies are struggling to procure short term capital.

It facilitates central bank in influencing liquidity and interest rates.Monetary control is more effective if these markets are liquid.Famous money market centers in India are Mumbai, Delhi & Kolkata Money Market Instruments Treasury bills: Coming to treasury bills, these are very popular instrument in present scenario of economy.The US government could use the vouchers to not only fund its operations but also to reduce its debt.Businesses that accept credit card payments would prefer to be paid with the vouchers.

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