• weirdwallace75@lemmy.world
    link
    fedilink
    English
    arrow-up
    9
    ·
    1 year ago

    Real money is backed by a country’s respective economy

    True.

    its an IOU from the government

    False.

    An IOU from the government is a bond.

    • ILikeBoobies@lemmy.ca
      link
      fedilink
      arrow-up
      2
      ·
      1 year ago

      I understand that’s a bond

      The dollar is representative of the work you contributed to the economy

      • weirdwallace75@lemmy.world
        link
        fedilink
        English
        arrow-up
        1
        ·
        1 year ago

        The dollar is representative of the work you contributed to the economy

        If that’s true, nobody on Social Security Disability would be getting money.