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Thanks for modern Keynesian economics, most people believe money gains its value from the government that issues it. Money's value, however, is historically tied to the value of the commodity from which money was derived.
Original article: https://mises.org/mises-wire/how-does-money-acquire-its-value
By Mises InstituteThanks for modern Keynesian economics, most people believe money gains its value from the government that issues it. Money's value, however, is historically tied to the value of the commodity from which money was derived.
Original article: https://mises.org/mises-wire/how-does-money-acquire-its-value