>>And it’s not like the dollar is backed by gold. There are economic reasons for that.
If you're curious about that, the most entertaining book about it (and the crash of '29) is Liaquat Ahamat's "Lords of Finance: 1929, the Great Depression - and the Bankers who Broke the World". Highly reccommended (and I'm very much not a finance guy).
Written by Bob Koure
Retired software architect, statistical analyst, hotel mgr, bike racer, distance swimmer. Photographer. Amateur historian. Avid reader. Home cook. Never-FBer