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> _real_ money is backed by _real_ things This is not true, and it hasn't been for a long time. Even the idea of 'real' money is nonsense. Money is symbolic.
by alangibson 4y ago
> _real_ money is backed by _real_ things
This is not true, and it hasn't been for a long time. Even the idea of 'real' money is nonsense. Money is symbolic.
Read something by Moser for a description of how money now works.