4 ms·

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.