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It isn’t backed by fiat. Fiat isn’t a thing, it is a description. USD is fiat money, built on trust sure, but in practice backed by the wealth and power of the
by Swenrekcah 4y ago
It isn’t backed by fiat. Fiat isn’t a thing, it is a description.
USD is fiat money, built on trust sure, but in practice backed by the wealth and power of the United States.
- johnnymorgan 4y agoNice circular logic there