Money is any object that is generally accepted as payment for goods and services and repayment of debts in a given nation or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally, a standard of deferred payment.
Money originated as commodity money, but nearly all contemporary money systems are based on fiat money. Fiat money is without intrinsic use value as a physical commodity, and derives its value by being declared by a government to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private".
By Johnny Liberty
Author's Note: This 30th Anniversary edition of the Sovereign’s Handbook has been released not only as a special print edition, but as an affordable eBook to assure maximum distribution of the ideas behind the life’s work and vision of Johnny Liberty. This important work is an idea whose time has come once again. Together, may we “Make America Great Again”.
The united states of America is at the front lines…
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