In the last period of his life, despite never having formally studied economic theory, he started teaching the subject and covering topics raised by the American poet Ezra Pound.
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.
In the '90s, Giacinto Auriti conducted a series of initiatives as Secretary General of the "Union of Anti-Usury" (SAUS) and as a legal representative of the cultural association, "Alternative social property of people".
So-called "abnormal and far-fetched" theory Auriti for which "there is a tradition of interpretation in violation of law, under which the central bank when they issue mutual Italian State and the National Collective, all the money puts into circulation."
Adds that the Bank considered that it itself must bear the cost of manufacture of the tickets and stamp duty, while the annual profits, made withdrawals and distributions mentioned in Article 54 of the Statute are donated to the State pursuant to art.
204/1910, shows "the absolute inconsistency and absurdity of the thesis" of Auriti, according to which "the supply of money would be made by the Bank of Italy, charging the state and society at large the full amount without consideration."
Therefore, the Bank concludes, "there is no experience of anything arbitrary or unlawful within the prerogatives exercised by the Central Bank in the monetary field, because, contrary to what is alleged by the plaintiff, the whole subject is fully regulated by the legislature, so assigned or that any matter relating to the exercise of the function of emission can be said to be regulated by customs interpret and, least of all, by customs violation of law."
First, the starter served to enter the SIMeC-use community that induced value that objectifies as a real asset, being owned by the carrier making it a parallel currency.
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to promote 'initiative', which was moderately successful because SIMeC were sold at par in exchange for pounds and withdrawn twice the original value.
The Syndicate in 2001, promoted a bill of popular initiative ("Acceptance of EURO: basic income owned by the carrier") but did not collect the necessary signatures.