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Paper Money & The Noise Around It

Questions that needs to be answered:

If something is printed out of thin air, how can we value it?

If abundant money is printed without sufficient underlying backing, is it worth holding it for long term?

What happens if people who believed in money without sufficient backing, start disbelieving & disowning it?

Is that note you hold in your hand worth the value of the denomination it mentions or just some random ink on a piece of paper?

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