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You can use it to pay taxes, which means you can live, work, and do business in a particular country.
by djur 5y ago
You can use it to pay taxes, which means you can live, work, and do business in a particular country.
- mr_spothawk 5y agoDo i understand correctly, then, that your point is: "The fundamental value of fiat currency is its capacity to pay taxes to a regional entity?"
- djur 5y agoThe fundamental value of fiat currency is that it is effectively a share of the productivity of a particular economy. The underlying driver of that value is that debts are denominated in and payable with the currency, and the underlying driver of that is that the government levies taxes.