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Why backed? Fiat is not backed by anything either.
by gsich 9y ago
Why backed? Fiat is not backed by anything either.
- yobrien 9y agoBut fiat is generally trusted with a long track record and is backed by the word of the government, a powerful and trustworthy organization to a decent extent.
- bryananderson 9y agoTurns out the full faith and credit of a major government is a hell of a thing of value.