[mvpel]

Are Federal Reserve Notes, then, a "store of value?"

[Carry_Okie]

Yup, all three, supposedly, though without a store of value there is no unit of account. The collateral is the total wealth of the United States, its land, mineral estate, human capital. They don't tell you about that part, but that's why ther Federill Grubbamint keeps stealing wealth from its owners (besides for the fun and profit of its agencies, the manipulation of its political sponsors...). That's where the system is crooked and another reason why I think private monetary systems may be the only way to buy back our liberty. It's going the other way right now.