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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?"
This Audio Mises Wire is generously sponsored by Christopher Condon.
Contact Frank Shostak
Frank Shostak's consulting firm, Applied Austrian School Economics, provides in-depth assessments of financial markets and global economies. Contact: email.