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A comment on Why inflation is not a threat. Parent comment
When talking about money, the term intrinsic value means the market value of the commodity the money is made from, versus the face value of the money.
This is very real and has been exploited in the past, with people effectively melting down large quantities of money and selling it as a commodity.
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When talking about money, the term intrinsic value means the market value of the commodity the money is made from, versus the face value of the money.
This is very real and has been exploited in the past, with people effectively melting down large quantities of money and selling it as a commodity.