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A thing doesn't have to be "a piece of a functioning economic unit" to be worth owning. Examples: copper, gold, land, art, wireless spectrum, currency. There'
by panarky 9y ago
A thing doesn't have to be "a piece of a functioning economic unit" to be worth owning.
Examples: copper, gold, land, art, wireless spectrum, currency.
There's a perfectly valid rationale to hold each of these assets, and none of them are "productive" by themselves.
Each of these has scarcity and utility. That's what matters.