4 ms·
It has more to do with the US's ability to reliably tax its own citizens. Plenty of small countries also have stable currencies, but only the ones with stable g
by OscarCunningham 4y ago
It has more to do with the US's ability to reliably tax its own citizens. Plenty of small countries also have stable currencies, but only the ones with stable governments.
- jessaustin 4y agoYes, that is another factor, and shouldn't be underestimated. Government-issued currency exists the moment the government decides it will be accepted for payment of taxes.