Chris claims that U.S. money is "fiat" money, which has value because the U.S. Government decrees that it does.
Yet, what Chris says isn't quite right.
U.S. money is Legal Tender money and thus gets its value not from set decree of price, but rather from force. Simply, everyone who wants to transact in the U.S. and earn income must pay taxes to the U.S. government and anyone who has taxes due must pay them in the Legal Tender money. » Read more