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RE: Scientists taught monkeys the concept of money, shortly after the first prostitute monkey appeared

in #science7 years ago

Money is solely made by man, and it is backed by nothing. People must use it as legal tender and to pay their taxes with it. This is what gives it value. It is crazy how money can change your brain. This is an interesting article because having a asset that everyone values can satisfy all aspects of our brains, in this case sex and food.

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What you are referring to the first time you mention money is fiat currency. Money is backed by something. I'm like you. I rarely even bother to use the word fiat currency but in some situation I think it's important to point out.