Re:BadEconomics: Putting $400M of Bitcoin on your company ba...
by samatman on Monday January 04, 2021 @02:04PM
(#25636256)
The value to a particular consumer of food and housing can be zero, presuming they have enough and are not in the market for those goods.
That's what it means to say that goods lack intrinsic value.
The exception is of course money, whatever good it is that is winning the Keynesian beauty contest of "good which I think everyone else will want as much of as they can get".
That's what it means to say that goods lack intrinsic value.
The exception is of course money, whatever good it is that is winning the Keynesian beauty contest of "good which I think everyone else will want as much of as they can get".