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Do People Accept Money Because Government Endorses It?

Audio Mises Wire

Tags Central BanksInflationMonetary Policy

09/29/2022Frank Shostak
Narrator: 
Michael Stack

Why does money have value? Typical economists claim that money is valuable because the government declares it so. But that is impossible, given the true origins of money, which are best explained by Austrian economists.

Original Article: "Do People Accept Money Because Government Endorses It?"

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Contact Frank Shostak

Frank Shostak's consulting firm, Applied Austrian School Economics, provides in-depth assessments of financial markets and global economies. Contact: email.

Original Article: 
Do People Accept Money Because Government Endorses It?