The idea that taxes create a demand for currency (and hence the value) is explored at depth in Modern Monetary Theory: http://neweconomicperspectives.org/2011/0

The idea that taxes create a demand for currency (and hence the value) is explored at depth in Modern Monetary Theory: http://neweconomicperspectives.org/2011/07/mmp-blog-8-taxes-drive-money.html http://neweconomicperspectives.org/2011/07/mmp-blog-8-taxes-...