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by zodiac 3082 days ago
It's not even technically attainable for USD. If China places huge market orders for a basket of commodities with USD, USD would lose purchasing power wrt the basket for a short amount of time (I think a few seconds is possible).
1 comments

The USD is not pegged to commodity prices.
You're right - what would you say it is pegged to?
Literally nothing.
Then what does the feds 2% interest rate target? Nothing?
The fear of Inflation. But USD is not pegged to anything.
Inflation measures USD purchasing power- how do you think that's measured?