this post was submitted on 08 Feb 2025
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How to fix the economy (lemmy.world)
submitted 1 year ago by The_Picard_Maneuver@lemmy.world to c/curatedtumblr@sh.itjust.works
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[–] konki@lemmy.one -1 points 1 year ago* (last edited 1 year ago)

Fiat currencies are actually backed by the tax liabilities denominated in them. If you are liable for one of my business cards, else a guy with a gun shows up at your door, you suddenly have demand for my business cards.