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>Value is arbitrary. None of the major world fiat currencies have any inherent value. They are backed by nothing. They are backed by a government which knows t
by recoiledsnake 15y ago
>Value is arbitrary. None of the major world fiat currencies have any inherent value. They are backed by nothing.
They are backed by a government which knows that once it doesn't honor the value, the economy (and probably the govt too) is finished.
- dolphenstein 15y agoYes, and if they go down the toilet, you are going down with them. You aren't going to recover your losses once a more competent administration takes over.