Well USD doesn't pass that acid test. If a single person gained all the USD why would people want it? The US military would be foolish to accept a salary in i

Well USD doesn't pass that acid test. If a single person gained all the USD why would people want it? The US military would be foolish to accept a salary in it, the nation would quickly move to some other currency. Pretty hypocritical for Munger to hold so much USD, perhaps extrinsic value actually matters.