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The USD is not pegged to commodity prices.

• zodiac 9y ago
  You're right - what would you say it is pegged to?
  • splintercell 9y ago
    Literally nothing.
    • zodiac 9y ago
      Then what does the feds 2% interest rate target? Nothing?
      • splintercell 9y ago
        The fear of Inflation. But USD is not pegged to anything.
        • zodiac 9y ago
          Inflation measures USD purchasing power- how do you think that's measured?
          • splintercell 9y ago
            So your claim is "USD is backed by X", it's just that I can't see the X, so tell me, what is USD backed by, without mounting an assault on the term "backed by". Backing means, some concrete promise or claim. USD has no concrete claim or promise behind it.