Since the U.S. dollar is no longer based on an amount of gold owned by the government, what exactly gives let's say a $100 bill its value and power? The $100 bill is a symbolic device. Based on several agreed upon factors - the price of labor, price of goods, other factors - the owner of that $100 bill can expect to trade it for a certain amount of work from others or goods created or owned by others. So, outside of the stable society where there are agreements and agreements are honored or can be forced to be honored through law, the piece of decorated paper - the $100 - would not have any value. So, is money, or wealth, created out of thin air - like art - based on (in the case of money) how the creators of money (the Federal Reserve let's say) predict that society will function in the future - based on past performance? Possibly. I am just starting to look into exactly what money is and what is behind the symbols, what makes modern economies work, so I don't have the ans...