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Huh? A fiat currency's value stems from a government's ability to repay sovereign debt and be responsible with the money supply. That's exactly why modern econo
by blueblisters 6y ago
Huh? A fiat currency's value stems from a government's ability to repay sovereign debt and be responsible with the money supply. That's exactly why modern economies separate the treasury and the central bank - that system, however flawed, is the reason why investors are confident letting sovereigns borrow their money.