this post was submitted on 18 Mar 2025
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Be kind to your elders (lemmy.world)
submitted 7 months ago by The_Picard_Maneuver@lemmy.world to c/whitepeopletwitter@sh.itjust.works
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[–] heraplem@leminal.space 1 points 7 months ago* (last edited 7 months ago)

Fiat isn't "silly" insofar as there's an underlying reason why fiat has value. The US dollar is valuable because the US government only accepts tax payments in USD. As long as the US government demands tax payments and has the ability to make good on those demands, US dollars will have value.