• IntriguedIceberg@lemmy.worldEnglish
    2·
    3 months ago

    But then said good only has as much value as we put on it. There’s a tacit acceptance of what a group of people decided that good is worth. Its value is as real as we collectively decide it is; it’s a construct

    • Alexstarfire@lemmy.worldEnglish
      2·
      3 months ago

      Yes, but things like gold have actual uses which give them at least some actual value. Fiat currency is backed 100% by belief.

      • earphone843@sh.itjust.worksEnglish
        5·
        3 months ago

        Gold as a currency only has as much value as people assign to it. It’s really no different than a fiat currency.