Why does paper money have value?

394 views

Why does paper money have value?

In: 0

7 Answers

Anonymous 0 Comments

This dickhead Hobbes wrote a book called Leviathan about social contracts if you’re interested that answers your question

Basic idea is humans tend to bend to an authority when we’re promised a degree of ‘peace and security’.

We bend to governments and currency is a tool of delivering us peace and security.

Paper money not having meaning (hyperinflation) and governments being overthrown go hand in hand – it’s happening right now in Sri Lanka, happened a bunch in a few African countries over the last decades.

You are viewing 1 out of 7 answers, click here to view all answers.