Yet, their evangelists don’t stop to spread the lie that scarcity and “intrinsic value” would be the root for money’s value. Just another trap they span out to sell you their toxic ideology of austerity and raise the price of the worthless golden commodity they are sitting on.
Say you had a note that corresponded to having a hamburger. As long as the note actually is convertible for a hamburger it has basically a fixed value and is therefore useful. It might even be more valuable in the future if a burger costs more $. What happens when there are more notes than hamburgers available? Nothing bad might happen for a while. What about if there are all of a sudden 1000 hamburger notes for every physical hamburger? What if at a certain time more people want a hamburger than there is supply for? The hamburger note devalues and becomes worth less than an actual hamburger.