I was at a conference when I took out a dollar bill and waved it in front of the audience. I asked, “Why does this piece of paper have value?” It’s interesting the range of answers I got. One person said “gold,” which has nothing to do with it. There was a time when you could demand a fixed weight in gold in exchange for a dollar, but those days are gone. Another said, “You can buy things with it” — an answer that only begs the question why that it so.
Read more about The Real Reason the U.S. Dollar Has Value
No comments:
Post a Comment