
131 - Why Is a Silver Coin Worth Something?
No Dumb Questions
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The Human Agreement of Ownership
Fiat is when a currency doesn't actually have any intrinsic value. It's not backed by gold. We agree that there's value d and we're kind of holding each other hostage to be like, hey,. Youre like you had dollars a dollar. Ok? So that's the market thheory of value. But there are also two competing theories of value hapeople have had through the centuries about interestd in terms of talking obout economics. Do do you know this on top of yor head the commain competing theories ofvalue? No, i don't. Well, let's just game it out. What makes something valuable in general? What determines what something is worth
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