6 ms·
Do i understand correctly, then, that your point is: "The fundamental value of fiat currency is its capacity to pay taxes to a regional entity?"
by mr_spothawk 4y ago
Do 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 4y 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.