|
|
|
|
|
|
by chadash
1836 days ago
|
|
|
> How is this different from money or the financial markets? A big difference is that the sovereign requires you to pay taxes in a given currency at the threat of punishment. So long as everyone needs to pay the taxman, the currency that the tax man accepts is gonna have at least some value. |
|
|
There have been and still are(?) economies where the local currency was only used for 'official' business, and most trade was carried out in another, more stable currency.