Value Is Subjective: Neither Gold Nor Crypto Have "Real Value"

Value Is Subjective: Neither Gold Nor Crypto Have “Real Value”

Tags: Money and Banks

03/12/2021 Connor Mortell

The fact that gold can be used for, say, industrial purposes does not mean it has "real value" while more intangible goods and services have none.

Original Article: "Value Is Subjective: Neither Gold Nor Crypto Have 'Real Value'"

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.