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It doesn't matter. You get nothing directly, but that's not the point (and is part of the reason they got rid of the gold standard). The point is that the store
by jsharpe 16y ago
It doesn't matter. You get nothing directly, but that's not the point (and is part of the reason they got rid of the gold standard). The point is that the store will accept it as payment for an actual thing, and its employees will accept it as payment for actual work, and the stores they go to will accept it as payment for actual things, and their employees will accept it as payment for actual work, etc.
What you get is the stuff that you buy. Or more directly, what you get is buying power.
- anamax 16y ago> It doesn't matter. The person who claimed otherwise disagrees - he said that it was a payable debt. > You get nothing directly, but that's not the point Except that it is. If the answer is "nothing", than a 20 euro note is nothing more than confidence in competence of the financial system. While you may not see any alternatives to said confidence, that doesn't mean that it is justified. How much confidence do you have in them?