Quote:
Originally Posted by thomasde
Dollars are backed by everything that is available in exchange for them: Toasters, Red Bull, Loti, MacBooks, sex, peanut butter -- everything buyable in dollars backs the dollar. Silver and Gold are only valuable because they can be exchanged for dollars. Walmart won't let you pay in gold.
In short, cash is really an extended form of bartering.
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+1
Thanks for the sanity check!
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