A dollar is worth something because the largest military in the world stands behind it, declaring that it is good for all debts public and private, and you bett

A dollar is worth something because the largest military in the world stands behind it, declaring that it is good for all debts public and private, and you better damned well take it. It is incorrect to say the dollar is backed by nothing. It is backed by the threat of violence from the US government, and the US government is very good at violence.