"Money is a collective fiction"
What a fucking idiot!!
https://www.ted.com/talks/neha_narula_the_future_of_money?utm_campaign=tedspread&utm_medium=referral&utm_source=tedcomshare …
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Shes not incorrect in that money is nothing but an agreement, one could call it a collective fiction in a way, but its badly phrased
I'm not going to agree on something that is a fiction, so you can count me out of that agreement.
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Fiat dollars are based on a collective fiction but we operate in a world who finds a majority consensus that they will accept/require it to be able for us to survive. we dont believe in that fiction but we still participate
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Fiat dollars are based on central bank policy, which is in turn justified by macroeconomic theory. It may well be accurate to call that a collective fiction, but it's a fairly small and narrow collective.
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a collective fiction that's reinforced by threat of violence
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That's the key. Once you define money as a "fiction", by conflating "subjective theory of value" with "collective fiction", then you have the basis to brainwash millennials and politicians into thinking they can "change the world" by just by fighting against those "fictions".
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Also the "fiction" definition supports the "bitcoin is created out of thin air" meme, and that is later used by politicians to control it or outright ban it.https://youtu.be/Cnz2oo8MRas
End of conversation
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