Matthew Spositi is an aspiring trader, Austrian Economic enthusiast, entrepreneur, and founder of New Millennium Wealth. My goal is to help individuals get out of the rat race and become financially free, by showing you every step of my journey, and by sharing all of the knowledge I have accumulated about trading, investing, markets, and economics over the past 5 years.
Episodes
Saturday Jun 20, 2020
Ep. 23: All Value Is Subjective, Nothing Has Intrinsic Value
Saturday Jun 20, 2020
Saturday Jun 20, 2020
In today’s episode we are going to be talking about the Theory of Subjective Values. Simply because something exists, doesn’t mean it has value. The value of the item is determined purely by what people are willing to pay for it.
But that isn’t all this theory can be applied to. The Theory of Subjective Values can also be applied to other things, like religion, politics, family traditions, holidays, life views, etc.…. It simply isn’t limited to items that we buy.
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