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Tell that to Venezuela whose money is absolutely worthless and they have dudes with guns...
by nickthemagicman 9y ago
Tell that to Venezuela whose money is absolutely worthless and they have dudes with guns...
- TheCoelacanth 9y agoThat's because the people that the men with guns can use them on have very few real assets (both physical assets and human capital), so they can't give up very much in real value in exchange for the currency that the men with guns are demand. That leads to the currency not being very valuable. In places where the people do have significant assets that they can give up in exchange for the currency, the currency has a lot of value.