[arghbleargh]

I find a lot to agree with in this article, and it explains it pretty well, but the part about the Federal Reserve is a bit too simplistic. The value of money is determined by a complex interplay of factors, including government spending/taxation and international trade. The Federal Reserve has only limited influence on it via manipulation of interest rates. Nevertheless, the main point stands: the strength of fiat currency lies in the implied social contract that measures will be taken to ensure your savings today are not worthless tomorrow.