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A dollar is worth a dollar because a lot of people want it that way. Gold is "worth" 900USD because a lot of people want gold. But not too many people - otherwi
by rw 18y ago
A dollar is worth a dollar because a lot of people want it that way. Gold is "worth" 900USD because a lot of people want gold. But not too many people - otherwise the price would rise.
My point is that nothing has intrinsic value. The market parameters of supply, demand and prices are one way we assign value to things.