In contrast to commodity-based money, such as gold coins or paper bills redeemable for precious metals, fiat money is backed entirely by the full faith and trust in the government that issued it. What happens to the money when nobody trusts the government? | Poal: Say what you want.

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In contrast to commodity-based money, such as gold coins or paper bills redeemable for precious metals, fiat money is backed entirely by the full faith and trust in the government that issued it. What happens to the money when nobody trusts the government?

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[–] • 2 pts

Better trade em before the music stops.

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