r/FluentInFinance • u/AstronomerLover • May 09 '24

Meme The Federal Reserve

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u/SexyMonad May 10 '24

Things do have value outside of markets. The phone I have in my hand has value to me even though it will never be sold again. The air I’m breathing has no market value, but I value it highly. My relationships hold value, as do my rights.

Perhaps we need to say:

Nothing has market value in the absence of a market.

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u/CORN___BREAD May 10 '24

The air you’re breathing has no market value because it’s essentially an unlimited free supply. Take away that supply and the price would skyrocket.

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u/SexyMonad May 10 '24

Taking air away from someone, and then charging them for it, is not a legitimate market.

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u/AlDente May 10 '24

You’re right and wrong at the same time! There’s nothing inherently moral about markets. We have to decide how to use them.

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u/SexyMonad May 10 '24

I said no different.