Taxation (or any other liability imposed on a population by a sovereign) is what drives the value of money. This is a good macroeconomic and historical overview

Taxation (or any other liability imposed on a population by a sovereign) is what drives the value of money. This is a good macroeconomic and historical overview http://m.youtube.com/?#/watch?v=0zEbo8PIPSc http://m.youtube.com/?#/watch?v=0zEbo8PIPSc also check out A Primer on Modern Money by Randall Wray and anything by Bill Mitchell (including his blog).