Giacinto Auriti

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Giacinto Auriti (10 October 1923 – 11 August 2006) was an Italian lawyer, essayist, and politician. He became famous for his monetary theory on seigniorage, which sees money from a different view - one that is of the jurisprudence.^[1] His idea theorized why currency has value and why it must be issued by governments and not banks. This idea led to many public initiatives such as the reform of the private banking system and the Bank of Italy.