What Is the Value of the Dollar?

The us. Dollar was backed by gold, until it wasn't. And now for the last 50 years, we've been completely untethered from any gold standard. So a money's value will always trend towards its production cost. Ht so in order to reflect value, it has to be scarce. If money is too abundant, if you can just always get more without doing work, then it is incapable of representing the work that it is intended to represent. That's why the value of the dollar is trending toward zero.