No. The only reason people use fiat money is a state law forcing businesses to accept them and prohibiting businesses to accept anything else as payments.
Until that law is obeyed by businesses, fiat money will be used by people, because they have to do some shopping from time to time.
OK. Than tell me please, what exactly force population to use fiat money? How it really works?
You know that a company is printing the currency do you?
The Federal Reserve and national banks are not government groups, they are private organizations who don't even base their money on gold reserves.
It is a simple question - why people use fiat money (whoever printed and issued them) as a mean of exchange?
People don't have a hint about what's going on. Most pundits never mention this as well.
No. The only reason people use fiat money is a state law forcing businesses to accept them and prohibiting businesses to accept anything else as payments.
Until that law is obeyed by businesses, fiat money will be used by people, because they have to do some shopping from time to time.