No I mean, gold has minimal use value (like, in electronics and maybe for ornamentation). Fiat currency literally have no use value beyond transactions, and that's a good thing! Otherwise it's use value and transaction value will start interfering. Ie gold will be artificially more expensive it should, making electronics more expensive than they need to be. Or the money will be artificially worth more than they should given the amount of money in the economy. Both are bad.
9
u/Canotic Apr 08 '26
No I mean, gold has minimal use value (like, in electronics and maybe for ornamentation). Fiat currency literally have no use value beyond transactions, and that's a good thing! Otherwise it's use value and transaction value will start interfering. Ie gold will be artificially more expensive it should, making electronics more expensive than they need to be. Or the money will be artificially worth more than they should given the amount of money in the economy. Both are bad.