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Re:Students refuse to pay back loans to failed for-profit co... by toomuchtodo on Tuesday February 24, 2015 @12:20PM (#9102015)
Technically no. Money is only real if 2 or more people believe it to be so.

Think about it. We exchange dollars, euros, bits, whatever all day long. Do you ever stop to think, "Why does this hold any value to me?" Its because someone else will accept it in exchange for goods or services.

The Onion, as always, captures this perfectly: http://www.theonion.com/articles/us-economy-grinds-to-halt-a...

Re:Students refuse to pay back loans to failed for-profit co... by beagle3 on Tuesday February 24, 2015 @02:25PM (#9102895)
Totally agree with you. But that makes grand-grand-grand parent comment "it's not real money" meaningless.