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> Yes, the people in the government assign it value. No, they don't. At most "the people in the government" set rules that define the conversion rate between t
by rumanator 6y ago
> Yes, the people in the government assign it value.
No, they don't. At most "the people in the government" set rules that define the conversion rate between the domestic product and your contribution, which is expressed in fiat currency. No one states on a whim how much a unit of currency is worth. The process is not arbitrary. The only parameter that's arbitrary is the percentage of your anual production that you are obliged to pay the state.