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[–] 2 pts

By law? The US dollar is to be backed by silver, specifically 371.25 grains.

In reality, it is backed by nothing, and idiots pretend that the Founding Fathers were rank retards who simply forgot to account for inflation when they wrote and ratified the Seventh Amendment, instead of acknowledging that the Founding Fathers wrote it to work with their precious metal-backed currency that was effectively inflation-proof.