Who would want to use a fiat currency that's printed with wild abandon, if they had the option of completely disregarding it and using say, a gold-backed currency instead?
>> Of course that is not what makes physical money valuable and I am equally confused by that quote.
Not going to jail is pretty valuable, and that's what governments "give us" in exchange for paying taxes in their fiat currency of choice. It's quite simple.
>> Of course that is not what makes physical money valuable and I am equally confused by that quote.
Not going to jail is pretty valuable, and that's what governments "give us" in exchange for paying taxes in their fiat currency of choice. It's quite simple.