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Actually governments don't guarantee anything about fiat money value.
by iavael 4y ago
Actually governments don't guarantee anything about fiat money value.
- throwawaylinux 4y agoThey require it is legal tender so guarantee it has value as a medium for exchange and storage. I didn't say the government guarantees a particular value. I said it is backed by a government guarantee, and that is what ensures it has value (i.e., it is worth what is written).