unfreeradical , 9 months ago Fiat money maintains its value largely because the government will purchase labor, goods, and other assets without any concern for gain versus loss. The state therefore generates demand even when and where private entities will not or cannot hire workers, make purchases, or invest.
Fiat money maintains its value largely because the government will purchase labor, goods, and other assets without any concern for gain versus loss.
The state therefore generates demand even when and where private entities will not or cannot hire workers, make purchases, or invest.