1, money is just another liability with a non-pecuniary yield related to its liquidity. it's value can therefore be determined in the same way that any other asset can, after adjusting for this premium. 2, no financial asset is solely mimetic 3, how?
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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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