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How to fix the economy (lemmy.world)

submitted 4 months ago by [email protected] to c/curatedtumblr

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[–] [email protected] 1 points 4 months ago

True, but somene has to, and they will create a demand for the currency. If I hear that Joe the baker needs money to pay taxes, and I want to buy bread from him, I know he will accept the government currency as payment for his bread. This in turn makes me demand money to be able to buy the bread.

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