Ah, the intrinsic value debate (which your entire argument hinges on) never gets old.
Setting that debate aside, money has market value -- it's not backed by gold, but it's backed by the power of the government, by the trust of the citizens, and by very strong social expectations. A storekeeper is more likely to accept your money than your gold.
Ah, the intrinsic value debate (which your entire argument hinges on) never gets old.
Setting that debate aside, money has market value -- it's not backed by gold, but it's backed by the power of the government, by the trust of the citizens, and by very strong social expectations. A storekeeper is more likely to accept your money than your gold.