Economics 101: Lesson 1:
#Economics is the study of scarce means used to attain subjectively valued ends.
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Replying to @qqkl1972
Not sure about this one as I have a few but the ones I've bought the last year, I've paid around melt -20% to melt +10% (including shipping).
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Not only was Keynes a bad economist but a pedo as well. But hey, guess which economist dominates universities.
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#Silver coin of the day:
Kennedy Half Dollar 1967 - USA
11.5g
400/1000
Replying to @thesilverhermit
Crypto is valued for two reasons: Monetary qualities and speculation. Gold and silver are valued for the same reasons plus wide industrial utility, medical utility, ornamental utility and more.
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Andy Stackson retweeted
Cantillon effect in four steps:
1. the Fed creates money
2. banks and big asset holders get it first, before prices move
3. by the time it reaches your paycheck, everything already costs more
4. economists call this "stimulus"
new money isn't neutral. it has a guest list.
If #silver doesn't break out from this zone, we are in dire straits.
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