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

in #healthebern9 years ago

I thought this was really good; it definitely goes to debunking the idea of "intrinsic value" being a concern for a currency. The fact is, something is only currency because both parties in the exchange have a mutual -- often, if not usually unspoken -- agreement on the value that currency carries, regardless of any attempt to find an "objective" intrinsic value.