The dollar is as real as any IOU. But that IOU is signed by somebody that you don’t know, by somebody who can dilute the value of that IOU at their leisure, and by somebody who can take that IOU back from you in several ways.
The dollar is as real as any IOU. But that IOU is signed by somebody that you don’t know, by somebody who can dilute the value of that IOU at their leisure, and by somebody who can take that IOU back from you in several ways.
A debt receipt is only if value to a man who can make sure that it may be reframed.