Good morning!
Discussion
You forgot US military and some contracts priced in USD.
Makes no cents.
They say it's backed by the US government. Not exactly sure what that means, maybe that you can buy (bribe) the US government with it.
The dollar is backed up by actual work by people. You do real work and sell real goods and services, and you get dollars. But if you didn't supply real goods and labor and give a bunch of it to the government for "taxes," these dollars wouldn't be worth as much. So tax slavery is what backs up the dollar and gives it value, in my opinion.
But they can print any amount of USD without the volume of work changing.
I was about to agree with you when I recalled what someone said to me yesterday, noting how that people are starting to go to work again now that the handouts have stopped. The "handouts" was that Covid stimulus money, which came from money printing, and did seem to lessen the volume of work being done.