Comment Comment by ciro_langone https://en.wikipedia.org/wiki/Fiat_moneyBonds have value because we assign a dollar value to them. The dollar value itself is fiat currency. The bonds do not value to dollar, the dollar values the bond. parent ciro_langone 9 years ago
Bonds have value because we assign a dollar value to them. The dollar value itself is fiat currency. The bonds do not value to dollar, the dollar values the bond.