35. Why does gold have value?

By | January 5, 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.  Mises and his regression theorem help us sort all this out.


Intro music: Ching by Glass Boy
Source of the text: Mises Institute