What is a Dollar?

[Avid_Consumer]

Just want to have a discussion about what a US Dollar actually is. All thoughts welcome

 

[Martin Gale]

http://www.wheresgeorge.com/

 

[Avid_Consumer]

fascinating to see how a dollar can travel so rapidly

do we short the dollar every time we spend one? what can i infer from the fact that most ordinary people don't save dollars today

 

[mschey]

One dollar is all one needs to retire a millionaire!

 

[Martin Gale]

Oh, sorry -- I thought you wanted to know WHERE is a dollar.

 

[Avid_Consumer]

would you purchase shares of stock issued by a company that could float secret and increasing amounts into perpetuity?

 

[mschey]

Quote from Martin Gale:

Oh, sorry -- I thought you wanted to know WHERE is a dollar.

No apologies necessary....I am glad you shared that website.

 

[mschey]

Quote from Avid_Consumer:

would you purchase shares of stock issued by a company that could float secret and increasing amounts into perpetuity?

Sure....if I thought I could get the return needed to grow my dollar.

 

[Avid_Consumer]

Quote from mschey:

Sure....if I thought I could get the return needed to grow my dollar.

what if you could only purchase the shares of that company with other shares of that company? current shares priced in future shares. why trade against the force of infinite share creation?

 

[achilles28]

Fiat currency.

Holds no value except that which society collectively agrees to ascribe to it.

Or am i missing something?