"When hiring, look for 3 things: intelligence, energy, and character. If they don't have the last one, the first two will kill you." - Warren Buffett
the value of a banks liabilities can be related to the value of its assets, so not purely memetic
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I'm trying to understand... This is accounting. I don't see how this says anything about how the behavior of money on the market is not mimetic. How a bank manages the money internally doesn't have anything to do with money as a medium of exchange.
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Are you saying that the store of value property of money makes it not purely mimetic?
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The fundamental behavior of the market is mimetic. But once something is off the market, then mimetic theory is no longer relevant to what you do with it.
End of conversation
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