Can someone explain how fiat money works? I’m very bad at economics and reading about it is making my brain hurt. Is money even real?
In: Economics
It’s like baseball cards. The paper has no value (except as paper) until people imbue it with value by willing to exchange other stuff for it.
Or like monopoly money, which is colorful paper for all intents and purposes EXCEPT for the purposes of playing monopoly.
Money isn’t real.
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