The fear of Inflation. But USD is not pegged to anything. | Hacker News

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splintercell on Jan 15, 2018 | parent | context | favorite | on: MakerDAO’s “DAI” stablecoin is breaking, as predic...

The fear of Inflation. But USD is not pegged to anything.

zodiac on Jan 16, 2018 [–]

Inflation measures USD purchasing power- how do you think that's measured?

splintercell on Jan 16, 2018 | [–]

So your claim is "USD is backed by X", it's just that I can't see the X, so tell me, what is USD backed by, without mounting an assault on the term "backed by". Backing means, some concrete promise or claim. USD has no concrete claim or promise behind it.

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