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The Development of Fiat Money Is Quite Perplexing, as People

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The development of fiat money is quite perplexing, as people began to value something that is intrinsically useless. Explain why fiat money came into use.


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A systematic collection of laws or statutes that are articulated in a comprehensive manner.

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The privilege granted to diplomats by which they are not subject to the laws of the host country, ensuring their safety and effectiveness.

Rule of Law

The principle that all people and institutions are subject to and accountable to law that is fairly applied and enforced.

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Laws that set the bounds of government and governmental procedures.

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