To me it’d seem that the only reason paper money is worth something is because enough people believe it is. And if that’s the case and more can be printed. There’s no rarity really either. I’d love to hear some explanations. Thanks.
In: Economics
It is a social construct. There is a very nice video about it. Look for “Blockchain and money” and Gery gensler on YouTube. I think session 2+3 answer your question.
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