One way in which the prestige economy (see @sarahdoingthing recent) resembles the actual economy is the possibility of bubbles.
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"bad fiat currency" is a fairly similar way of looking at prestige investment bubbles of coursehttps://bloodyshovel.wordpress.com/2015/02/19/explaining-the-cultural-revolution-signalling-arms-races-as-bad-fiat-currency/ …
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