What are these constraints and how do you define money?
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Replying to @MimeticValue
the constraint is that the value of a financial asset is tethered to the underlying cash-flows, indefinite divergence is not sustainable
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Replying to @_Vimothy_ @MimeticValue
money I'm defining as whatever instruments circulate as money in practice. this is context dependent, eg bank deposits in a retail context, repo in wholesale
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Replying to @_Vimothy_
Sure, but that doesn't say anything about mimetic desire. The motivation for the underlying cash flows are still mimetic desire other than the most basic instinctual needs.
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Replying to @MimeticValue
earlier you said "the underlying logic of money markets is mimetic". I took this to be a specific claim about money markets, not about ultimate human ends
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Replying to @_Vimothy_
Yes, and you haven't provided anything that says money markets aren't mimetic in behavior.
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Replying to @MimeticValue
suppose I require X in order to stay in business, is my desire for X "purely mimetic"?
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Replying to @_Vimothy_
Don't skip steps. Your requirement isn't money, but the labor, resources, or equipment for staying open. That's not mimetic. What is mimetic is that everyone agrees that the money can be exchanged for anything else on the market. Money has value b/c agreement via mimicry.
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Replying to @MimeticValue
so in other words my desire for cash-flow is not mimetic, it is a "survival constraint"
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This dude is ridiculous, he has literally no second order thinking to speak of... read mises, perhaps you will understand some of the basic phenomenology of the markets. Your beliefs are equivalent to believing revenues increase because bigger numbers are printed on balance sheet
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