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One of the reasons Fiat currency has value is because its the only currency that the U.S. Government accepts debt and tax payments in. That is tremendous power
by askafriend 9y ago
One of the reasons Fiat currency has value is because its the only currency that the U.S. Government accepts debt and tax payments in. That is tremendous power and authority behind the currency.
- patrickg_zill 9y agoExactly! It is quite rare in history that a fiat currency was put in place, that didn't have a corresponding broad based tax in order to enforce its use and give the issuer, usually a sovereign or government, an advantage in being the source of the fiat.