What are dollars backed by?
Discussion
Fugazi tears
The military.
Printers
Propaganda
Gerbils
The state's monopoly on violence.
Poo poo
The US military, period.
narratives
By the US economy 🤣
By promise to be able to pay your taxes (dues to government) in it?
Uncle Sam
abstract power projection
Debt, debt and more debt 🎉
Theft
Death threats.
Beanie babies
Consensus, for now.
Fear of short-term instability.