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
That is not what money represents. Money which is tied to some material represents a specific quantity of that good. Money not tied to a material good (fiat money) gets its power directly from the government in the sense that the government will enforce the value and power of that money.
It doesn’t represent “stock” in a country. Having money gives you no legal ownership of the country, nor does it entitle you to any special rights or privileges by virtue of having it.
There is no telling what the impact to the economy would be if everyone stopped working other than to say “chaos.”
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