> there is no inherent value to the dollar since it's a centralized currency controlled by the us govermnent outside of government obligation no currency anywhere has an inherent value. the government can set a fee or fine at a fixed amount, which then sets that value, but for something intangible like pay a fine or go to jail or pay this fee or else we will put you in jail for doing something without paying the fee, that value is still detached from the economy and market currency only has the value of what two parties agree it is worth. i will give you an hour of my labor for $50, you will sell me a chair for $80. if we both agree on the price then we start to set that ratio of value between items and labor.
Canada