Comments by "Dr. Ricco Lindner" (@Dr.RiccoMastermind) on "Capitalism is good. Let me explain." video.

  1. Hey Sabine, you missed to mention the most important point, why paper money given out by a king or state is widely accepted, only because the king or state is demanding taxes in this "own" currency. That is why it works, not because everyone agrees upon accepting the money or trusting or someone backing up for it. And issuing the currency by the state spending money or by a private bank first creates the money before it can be payed back as taxes. If in some poor countries the own currency is not interesting to other countries they are kind of forced to use e. g. US Dollars instead to pay for imported goods😢
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