3 ms·The tax-collecting power of the US federal government, backed by the world's largest military.by MagnumOpus 10y agoThe tax-collecting power of the US federal government, backed by the world's largest military.monort 10y agoRussian ruble was backed by a tax-collecting power and a large military too, but they still had a hyperinflation period during 90s. It's easy to mismanage a currency for the precise reason, that it is not backed by anything.kobeya 10y agoThat's not an asset.