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Can you take your dollars in to the government and redeem it for units of "military might", whatever that means? You have it backwards. The military is an inst
by doggosphere 6y ago
Can you take your dollars in to the government and redeem it for units of "military might", whatever that means?
You have it backwards. The military is an instrument in protecting the US dollar's dominance, control and influence as a reserve currency.
- wayeq 6y agoNo, but you can pay your taxes with USD, and stay out of prison, which is kind of nice.
- wizeman 6y agoPractically all fiat currencies that have ever existed can or could also be used to pay your taxes and keep you out of prison, including all the ones that got destroyed or are currently being destroyed by hyper-inflation. So I don't think that it's a good argument for the USD being backed by value.
- jerrymiller 6y agoExactly. How did that work out for Venezuela and their currency?