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> "legal tender for all debts public and private" Government accepting payment for public debts in legal tender... is taxes. They're the first market maker for
by pjmorris 9y ago
> "legal tender for all debts public and private"
Government accepting payment for public debts in legal tender... is taxes. They're the first market maker for a fiat currency. It's certainly possible to just run printing presses, but that typically leads to hyperinflation and the replacement of the currency.