You are viewing a single comment's thread from:

RE: [Heal the Bern] Can Currencies have Intrinsic Value?

in #healthebern8 years ago (edited)

Nice video. I agree: however it would be great to add scarcity to the topic. You gave a little hint on the subject when talked about the cigarettes as a currency in prisons, but maybe you could go further on that topic.

Let's analyze water: it has tremendous intrinsic value, after all, without it, there is no life, however it's never used as currency, nor money. If the supply of water fall dramatically, will it become a currency? After all water has many of the features needed to be a means of exchange, but it is not.

Nice video, nice topic!

Sort:  

Indeed, I'll have to address this. Inflation fits right in there, too, and if there's any concept in economics worth fully understanding, it's inflation/deflation.

As to water as a currency, it would be an interesting world would it not? For something similar, check out the movie In Time. I quite enjoyed it.