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I don't understand what you're saying. Why couldn't the government accept taxes in e.g. gold as well as USD?
by jakelazaroff 7y ago
I don't understand what you're saying. Why couldn't the government accept taxes in e.g. gold as well as USD?
- tathougies 7y agobecause the amount of gold the government is willing to accept gives the value to the gold, not the other way around. The gold would still be denominated in some government set standard and thus subject to governmental discernment in how much it's worth.