Quote:
Originally Posted by Pugchief
Correct.
What requires us to use USD as a medium of exchange is the fact that tax remittances must be made only in that medium, at gunpoint. Failure to comply will land you in prison.
Other mediums of exchange might be useful, but as OBB points out, both parties must agree to use said medium. When you have 325 million people and countless commercial entities constantly exchanging, it's really tough to find a common currency.
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Legal tender laws...If they have to enact a law (aka, threaten us with death) to get us to use it then....Hmm. What could they possibly be up to?