"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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Replying to @TokenHash
Saving for your retirement or your children's education or for your family's legacy? It's all just a collective fiction. "Society does not owe you" you or your family your savings back, as
@TheStalwart might say.2 replies 2 retweets 53 likes -
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
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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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But the collective fiction is based on the groups acceptance of it as money not on its merits or academic support. The collective fiction of fiat is part of the larger collective fiction of the social contract and where the divine right of the state.
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There are still a bunch of us out here who agree or disagree with things based on their actual merit. Amazing, but true.
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Replying to @NickSzabo4 @DustinDry1st and
I go with Searle on this. According to Searle, objective social reality is literally created by means of we-intentions. The general form of such intentions is “X counts as Y in context C” or “X becomes Y in context C.”
1 reply 0 retweets 0 likes - 1 more reply
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