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Message: <blockquote data-quote="Yondaime_Naruto" data-source="post: 3242759" data-attributes="member: 152993">This isn't actually true. It's not backed by a physical commodity. It's backed by the wealth of the country, in the largest possible sense of wealth. So physical and non-physical valuables. If I move to an island by myself and print a bunch of my own currency, no one will care. If I pen the most brilliant book ever written and Hollywood wants to make a movie out of it they'll have to buy my Island Money with their dollars in order to pay me. Now my Island Money has value (and I have a dollar reserve). That value before the transaction was based on my book and after by the dollars the island now has. Printing more money wont mean I can buy more things with Island Money, it just means that it's worth less.</blockquote>