Same things are true for any currency, this is partly why they work. We can trust because we have common interest in the solvency of any commonly used currency. A dollar is only worth what someone will give you for it.
"A dollar is only worth what someone will give you for it."
Dollars also have value because they can be used to pay taxes and settle other debts in the United States. It is not like people woke up one morning thinking that the US dollar was a great currency to use; it has actual utility.
Dollars also have value because they can be used to pay taxes and settle other debts in the United States. It is not like people woke up one morning thinking that the US dollar was a great currency to use; it has actual utility.