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It's worth whatever people are willing to pay for it. Simple as that. Bureaucrats like Lagarde, or anyone for that matter, don't get to declare from their perc
by Quindecillion 4y ago
It's worth whatever people are willing to pay for it. Simple as that.
Bureaucrats like Lagarde, or anyone for that matter, don't get to declare from their perch what does and doesn't have worth to others.
Her statements are... well, worthless... to millions of other people.
- 98Windows 4y agoThere's a difference between value today and expected value in the future. A loaf of bread has value today but I wouldn't stockpile fresh bread because I know it quickly loses value