This question <561-5|563-16> overall <563-12|563-14> TheDude: <494|563-14>. graded B–

Question 402: Explain the economic necessity of hoarding, and the individual motivation for hoarding.

[563-13] TheDude: The economic necessity to hoard stems from the need for assets. Money is only an intermediary and thus, has no use-value. Hoarding of assets and commodities gives you a sort of portfolio, or wealth-building tool. The individual motivation for hoarding is simply making a safety net for yourself. If an individual hoards assets and commodities, they have something for a “rainy day.” This gives an individual a sense of comfort, knowing they are taken care of.

Hans: Marx was not talking about hoarding assets but hoarding money.

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