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by lmm
4061 days ago
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> Is it true that governments started to make money to be money? I thought banks started doing that first. IIRC it was governments, for taxation. They have more motive than a banker does. A banker is a professional trader, in the business of buying and selling things at appropriate prices - that's where they make their profit, so having their clients pay them in non-money is an advantage. By contrast for a government that's collecting 5% of people's income, having that in a wide variety of trade goods is an inconvenience. |
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