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The Modern State Cannot Exist without Fiat Money

The emergence of money is a market phenomenon. By surrendering fewer marketable goods for more marketable goods, individuals move closer to the goods they ultimately wish to consume but cannot acquire through direct exchange. The most marketable goods become common media of exchange (i.e., money).

The Modern State Cannot Exist without Fiat Money

FERC Increases Maximum Civil Monetary Penalty | Morgan Lewis - Power & Pipes

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