SolidGrue@lemmy.world to Showerthoughts@lemmy.worldEnglish · 3 days agoMoney. Why does THAT work?message-squaremessage-square22linkfedilinkarrow-up139arrow-down19file-text
arrow-up130arrow-down1message-squareMoney. Why does THAT work?SolidGrue@lemmy.world to Showerthoughts@lemmy.worldEnglish · 3 days agomessage-square22linkfedilinkfile-text
What even IS “currency,” when you get right down to it? Don’t tell me about the little green papers. Not when there’s AMEX.
minus-squareasudox@lemmy.asudox.devlinkfedilinkarrow-up4·2 days agoMoney is worthless if nobody uses or believes in it. The sheet of green paper only has value because we the people believe that it has value.
minus-squareshalafi@lemmy.worldlinkfedilinkEnglisharrow-up1·2 days agoIn America, and other countries, it used to be backed by gold.
Money is worthless if nobody uses or believes in it.
The sheet of green paper only has value because we the people believe that it has value.
In America, and other countries, it used to be backed by gold.