Don't let him get away with the "intrinsitc value" nonsense. Austrians are supposed to know that value is subjective & ordinal.
Non-monetary use was only needed to bootstrap gold's network effect, after that non-monetary uses can really only hurt the stock to flow & get in the way of the function of money.
Jeff Swann
npub1aj…ftppj
2024-08-21 02:39:16
in reply to nevent1q…kykd
Author Public Key
npub1ajv7m32k0cpgzha32qszsh304qusjvwwmavus0ttktzldms4xzusuftppjPublished at
2024-08-21 02:39:16Event JSON
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