 Nietzsche holds that moral (i.e., MPS) values are not conducive to the flourishing of human excellence, and it is by reference to this fact that he proposed to assess their value. The enterprise of assessing the value of certain other values (call them the ‘revalued values’) naturally invites the metaethical question: what status — metaphysical, epistemological — do the values used to undertake this revaluation (the ‘assessing values’) enjoy? (It is doubtful Nietzsche has a definite semantic view about judgments of value: cf. Hussain 2013, esp. 412.) Following Leiter (2019: 49–50), we may distinguish “Privilege Readings” of Nietzsche’s metaethics — which claim that Nietzsche holds that his own evaluative standpoint is either veridical or better justified than its target — from those readings which deny the claim of privilege. (Note that defenders of this latter, “skeptical” view need not read Nietzsche as a global anti-realist — i.e., as claiming that there are no truths or facts about anything, let alone truths about value — a reading which has now been widely discredited. There is, on the skeptical view at issue here, a special problem about the objectivity of value. For an argument that Nietzsche is a global anti-realist about value in particular, see Leiter 2019: 84–111.)