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Political Discussion
Reply to "Republicans and the debt ceiling "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous] You have a rich fantasy life. The value of the dollar comes from the productivity of the American people, the ability of the United States Government to tax it, and the absolute commitment of the United States Government to pay its debts. [/quote] BS. The value of the USD comes from its rarity. Learn basic economics.[/quote] Right. If you had a single U.S. Dollar - but with no productive capacity and no taxing authority behind it, it would be of unlimited value! Meanwhile if you have trillions of U.S. Dollars tied to a $23 trillion dollar GDP and taxation authority, they're practically worthless! [/quote]
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