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We use paper as money because a strong entity said they would accept those pieces of paper for tax payments. Rather than going to jail.
by thecabinet 15y ago
We use paper as money because a strong entity said they would accept those pieces of paper for tax payments. Rather than going to jail.
- pyre 15y agoWe originally used paper money, because it was backed by something (banks, gold, etc). Nowadays most (all?) paper money has been centralized to government control.
- deleted 15y ago[deleted]