Post
Topic
Board Economics
Re: Alternative currency ( paper money )
by
Irvinn
on 07/11/2018, 19:41:07 UTC
If there was an alternative currency (paper money) unregulated by the Government would you use it?
Paper money is used only when it is provided with gold or, in general, material assets of a certain state and is guaranteed by this state for the obligatory acceptance on the territory of that state by all institutions and organizations.
What can guarantee paper money, issued by someone unknown and, apparently, not supported by anything? It is unlikely that anyone will accept such papers as money.