1. Non-government controlled money is purely mimetic. 2. Bonds and stocks are not solely mimetic. 3. Mimetic theory accounts for bubble pops. Saying that it doesn't is like saying mimetic desires never lead to mimetic conflicts or the crisis event.
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so bubbles eventually pop
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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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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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also you mentioned that stocks and bonds were not purely mimetic. how so? and money is? how are you distinguishing money from other credit instruments?
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Yes, because you can do fundamental analysis for of companies for stocks and bonds. Money is the medium of exchange (mimetic/reciprocal behavior in the domain of valuation) itself.
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now we get to the meat. what do you mean by "fundamental anaysis"?
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Same question and reply as here:https://twitter.com/MimeticValue/status/1016741475953102861?s=19 …
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