Indian demonetization has taken about 86% of cash out of circulation. Could take ~175 days to replace http://www.hindustantimes.com/static/demonetisation-2000-rupee-notes/ …
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been away too long
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s/basically/entirely but that's good
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my money is real
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It's a good reminder that money is a government creation.
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addendum: that's a good thing.
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consensus, definitely. But not fiction - it is the reality. There's nothing beyond the consensus. We agree to quantify market value
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Where majority txns are between known people, informal credit's taken over.
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And cities, where majority txns are between strangers, tend to have better card/e-wallet infrastructure
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@chenoehart Is there a catalogue of popular consensus fictions, such as time zones, I wonder? -
thought-provoking to realize how many things are consensus fictions which we don't realize.
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