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1/8/2013 5:53:52 PM
9
I have a question about money.
I'm not an economist, so excuse my ignorance.
If the US's currency isn't backed by anything, and so much of it is just 1's and 0's on a computer...what makes it worth anything?
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[quote][b]Posted by:[/b] MadMax888 I'm not an economist, so excuse my ignorance. If the US's currency isn't backed by anything, and so much of it is just 1's and 0's on a computer...what makes it worth anything?[/quote]Originally it was the trust that government could pay it back in gold. Now its more along the lines that so many people use it/ trust the US government won't go under. So essentially its trust in government(Hard to believe).
