the value of a banks liabilities can be related to the value of its assets, so not purely memetic
suppose I require X in order to stay in business, is my desire for X "purely mimetic"?
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Don't skip steps. Your requirement isn't money, but the labor, resources, or equipment for staying open. That's not mimetic. What is mimetic is that everyone agrees that the money can be exchanged for anything else on the market. Money has value b/c agreement via mimicry.
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so in other words my desire for cash-flow is not mimetic, it is a "survival constraint"
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This dude is ridiculous, he has literally no second order thinking to speak of... read mises, perhaps you will understand some of the basic phenomenology of the markets. Your beliefs are equivalent to believing revenues increase because bigger numbers are printed on balance sheet
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equivalent in what sense?
End of conversation
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