@soapjackal @Outsideness @AnarchoPapist @NRxNorth see the link in the other tweet on this. "Intrinsic value" is a term with diff interps
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Replying to @HbdNrx
@HbdNrx@Outsideness@AnarchoPapist @NRxNorth I read the link. Assumes that it pays literal cash money to be intrinsically valuable.1 reply 0 retweets 0 likes -
Replying to @soapjackal
@soapjackal@Outsideness@AnarchoPapist @NRxNorth no, people will buy goods and services even if they can't sell them.1 reply 0 retweets 0 likes -
Replying to @HbdNrx
@HbdNrx@Outsideness@AnarchoPapist @NRxNorth in which he posts the example of stocks that literally pay money in the form of dividends1 reply 0 retweets 0 likes -
Replying to @soapjackal
@HbdNrx@Outsideness@AnarchoPapist @NRxNorth more over that usage of intrinsic value, by the authors own words, isnt the best predictor3 replies 0 retweets 0 likes -
Replying to @soapjackal
@soapjackal Can you think of any other things that have held value over the long-term without any intrinsic value?2 replies 0 retweets 0 likes -
Replying to @soapjackal
@HbdNrx but goods you cannot sell and that do not produce cash returns do not have economic value1 reply 0 retweets 0 likes -
Replying to @soapjackal
@soapjackal food has intrinsic value. you can eat it. gold has intrinsic value--it looks pretty, and has industrial applications1 reply 0 retweets 0 likes
@soapjackal you're using "economic intrinsic value" differently. see the definition in the previous link
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