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That's not quite true. Money has value because a lot of the demand for it is enforced by law (taxes and repayment of debts). Those act as a real anchor for its
by nhaehnle 10y ago
That's not quite true. Money has value because a lot of the demand for it is enforced by law (taxes and repayment of debts). Those act as a real anchor for its value beyond collective agreement.
- Natanael_L 10y ago... Because it is on average more convenient to follow the law than break it.
- saint_fiasco 10y agoLaws and debts are collective agreements too.