You are viewing a single comment's thread. View all
0
HimmlerWasRight88 on scored.co
1 year ago0 points(+0/-0)
> How can anything be valuable if hindreds of billions of that something already exist?
Supply and demand. The demand for US dollars far outstrips the supply. That makes the US dollar valuable.
> I always remind them that it is just paper.
It is not just paper. It's currency. It has the backing of a government.
> Why can't we just go back to th' barter and trade system?
Because that doesn't allow an economy more developed than what we had in the stone age.
Think of how someone could build an airliner with only bartering.
Supply and demand. The demand for US dollars far outstrips the supply. That makes the US dollar valuable.
> I always remind them that it is just paper.
It is not just paper. It's currency. It has the backing of a government.
> Why can't we just go back to th' barter and trade system?
Because that doesn't allow an economy more developed than what we had in the stone age.
Think of how someone could build an airliner with only bartering.