If governments collapsed entirely, falling into total anarchy, people could still use the same damn physical paper as a trade medium, ie. a currency

the only reason we use fiat currency is because it is less volatile

that's about it

under anarchy it would return to being as volatile as any other currency

They could try and use it, but I would expect the dollar to have some serious problems if the US fedgov fell

irrelevant

they could use it just the same

whatever value it has, is because people believe it has value

The bond holders wouldn't get their coupons or redemption, so that would b ea major problem

why wouldn't they?

no more fedgov

who is going to pay the bond coupons?

idk, that's a logistics problem

I wonder what point you're trying to make @✨Skolander✨?

@Dr.Cosby that none of you fundamentally understand what currency is.

Aha I see

you honestly think it has shit to do with taxes

I always wonder if they really believe they are so smart when they make statements like 'Americans are dumb' et

it is a moronic thing to say

any economist would laugh you out of the room if you attempted to make that argument.

Americans are so dumb, we don't even know what currency or taxes are, darn it

We did elect Trump though, so I can't complain when people make fun of us

literally any physical object can be used as a currency.

Do you agree or disagree with that statement?

You can try, no gurantee anybody would accept it

The funny thing is it's usually people who like Trump, who like to call Americans stupid...m

I wonder why

^no doubt

I don't care about "anybody"

I care about you.

answer it.

I did answer it

Bro obviously

And if you answer wrongly I will pummel into your head why you must agree to it

You did not, whatsoever.

And he did answer it lol

Quit playing games.

You're getting excited over nothing I think

Literally any physical object can in principle be used as a currency. Ie. a trade medium between people.

Do you agree or disagree with that statement? This is not hard. Not a trick question. Very basic. *(Fun fact: Communists all disagree with the statement)*

I guess he really did have a rough time with the question. I rest my case.

I could use my pubic hairs as currency. But if I want people in my post apocalyptic neighborhood to use my pubes, I need to either have a vault with valuables to back those pubes up for people...or I could threaten to murder any who doesn't accept my pubes as currency...