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When Fiat Currency Stops Being Money

Summary:
If the private sector does not accept a currency as a general means of payment and a store of value, the currency becomes worthless and ceases to be money. Ultimately, it becomes useless paper. Original Article: "When Fiat Currency Stops Being Money" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael ...

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If the private sector does not accept a currency as a general means of payment and a store of value, the currency becomes worthless and ceases to be money. Ultimately, it becomes useless paper.

Original Article: "When Fiat Currency Stops Being Money"

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

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