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The Bob Cesca Show: Smarter Moles

22
KGxvi9/11/2018 4:02:23 pm PDT

re: #20 Blind Frog Belly White

I think I blew some Goldbugs mind when I told him that gold, like ‘fiat currency’ only has value because people think it has value - only a tiny fraction of all the gold in the world has any actual use beyond ornamentation or hoarding.

I’m impressed you got through to them. A lot of glibertarians that by into the gold standard don’t seem to understand that point. (I’ve had way to many arguments on that point to even count)