3 ms·
What intrinsic value does other forms of money have? It's at best a promissory note which can freely be devalued by the promises. 2008 and the subsequent QE de
by NomDePlum 1y ago
What intrinsic value does other forms of money have? It's at best a promissory note which can freely be devalued by the promises.
2008 and the subsequent QE demonstrated that surely? Look to Argentina, Zimbabwe and numerous other periods of time and countries for when the value of money became frankly worthless relative to it's previous value.