3 ms·
Currency is backed by military, not courts. Courts are also backed by military.
by vasco 1y ago
Currency is backed by military, not courts. Courts are also backed by military.
- crossroadsguy 1y agoExactly. I can’t believe there are people on HN who believe the dollar becoming de facto currency had anything to do with USA’s savoury virtues, judicial or otherwise It didn’t “become”, it was forced.
- yladiz 1y agoThat’s not really true, or at best reductive. The Eurozone does not have a military yet has a very valuable and relatively stable currency. Yes, various counties in the zone do have strong militaries, but it’s not the same as the body backing the currency having one.