Since money basically represents the confidence in the capacity of a countries economy to provide you with a service or good would the value of say the US dollar fall if everyone quit working overnight?
In: Economics
Not really, owning currency conveys you absolutely no control over emission of that currency. If a central bank of the country decides to they can make your money worthless and by default they are doing it constantly little by little. Currency is a medium of exchange, a intermediate exchange token to so you wouldn’t have to barter your labor for things you need directly. You can sort of look at money as a IOU of labor, but not as a stock of a country. You don’t get to own a country no matter how many of it’s IOUs you own.
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