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Tuesday, 24 June 2014

What gives paper money its actual value?

What gives paper money its actual value?


Money is just tinted paper printed with different numbers on it. So what gives the ol' greenbacks its value? The bills used to be tied to the gold standard but now, it's up to The Fed to control how many bills there are. So why can't they just decide to print out ridiculous amounts of bill to make everyone rich?


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