I read the article "I had money and couldn’t pay" with great interest. Since 1971, there has been no gold or silver (or anything else for that matter) backing our money. We now have a “fiat” standard. The dollar is not backed by any physical asset. The only thing that makes it worth anything is that our government says it is. “This note is legal tender for all debts, public and private” is printed on every bill.

Seems pretty straightforward. If anyone can say no it isn’t, then the system has failed. The implications are terrifying. Anyone with cash set aside in anticipation of a future need should be very afraid that this is allowed. Our government needs to immediately assert their authority and assure everyone that if they say a bill is legal tender, then it is.

Bruce H. McMillan

East Brookfield