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Old 05-07-2010, 05:04 PM
Ihealyou Ihealyou is offline
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Fiat currency has value for the same reasons as anything else. People need money to buy things, accumulate wealth etc, creating a demand for money. Since there is a limited supply of money, it has value. Values for currency then change based on changes in supply and demand for that currency. Pretty much the only difference between gold and dollars is gold is shiny.
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