Essence of Economics

Essence of Economics


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35. Why does gold have value?

January 05, 2018

Why does gold have value?  Because gold was once a commodity!  Why does our dollar have value?  Because the government makes us pay taxes with it.  Why does Bitcoin have value?  Because, people hate government fiat.

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Essence of Economics
By Scott Duryea
Learn economics and politics from a free market perspective
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