Backing up the dollar

Discussion in 'Economics & Trade' started by Chester_Murphy, Sep 14, 2019.

  1. Chester_Murphy

    Chester_Murphy Well-Known Member Past Donor

    Joined:
    Oct 2, 2017
    Messages:
    7,503
    Likes Received:
    2,227
    Trophy Points:
    113
    Gender:
    Male
    What would happen to the U.S. economy if the dollar was backed up by some precious commodity?
     
    DennisTate likes this.
  2. DennisTate

    DennisTate Well-Known Member Past Donor

    Joined:
    Jul 7, 2012
    Messages:
    31,491
    Likes Received:
    2,601
    Trophy Points:
    113
    Gender:
    Male
    The dollar is ultimately backed up the productivity of Americans.....
    Americans are extremely productive......
    so in a way it already is.
     
    Chester_Murphy likes this.
  3. Chester_Murphy

    Chester_Murphy Well-Known Member Past Donor

    Joined:
    Oct 2, 2017
    Messages:
    7,503
    Likes Received:
    2,227
    Trophy Points:
    113
    Gender:
    Male
    It's really just whatever we think it's worth.
     

Share This Page