Jorge Stolfi@shiri @pluralistic @funcrunch @kcoyle @rvkennedy @immibis @prestontumber
Another big lie that bitcoiners and goldbugs must tell their marks. Which comes from "Austrian Economy". Which explains (1) why Austrian Economy went the way of the phlogiston, long ago, and (2) why goldbugs and bitcoiners dug it out of its grave.
Gold (like any commodity) has value because it has CONSUMERS - people who buy it to consume, rather than with intent to re-sell. 🧵>
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