hello twitter, i am seeking recs (books,articles,videos,podcasts,movies,wtvr) in the 'intro to finance' genre. interesting stories, tips and tricks, history, whatever is helpful for building interest and understanding is welcome. TIA!
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a lot of it is like this but i don't think it's completely circular - USD is legal tender so you can use it to settle debts (e.g. you can't pay your student debts in bitcoin or gold), and you also need it to pay your taxes to the gubbmint
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is it the law that i cant pay off college debt with gold? or is it just practically that way cuz people dont wanna have to deal with storing and converting gold into money
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so maybe can help us with this because IANAL but my understanding of what "legal tender" means is that it means if you pay off your debt in USD then your creditor legally has to accept it; otherwise it's up to their discretion i guess???
en.wikipedia.org/wiki/Legal_ten
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there's some interesting stuff about the "taxes" part of this in david graber's "debt: the first 5000 years," here's a thread:
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Coin! You pay the soldiers in coin, and you tax the families in the kingdoms in turn. In one blow, you turn your entire national economy into a vast machine for the provisioning of soldiers, since families must find some way to give soldiers what they want. Market created!
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although otoh iirc a lot of other economists criticized a lot of graeber's conclusions, in detail, i remember reading like a 10-blog-post sequence about it which you can probably google for, so grain of salt ¯\_(ツ)_/¯