what is it that gives fiat money its value? central banks couldnt simply give money out to people, or it would have no value. i understand central banks can create money out of nothing, but from what i've heard they only lend money out, which eventually must be repayed.
i've read a lot of articles on money, and none of them really explain why fiat money is valuable, or how it gets into the economy
i've read a lot of articles on money, and none of them really explain why fiat money is valuable, or how it gets into the economy