Indian demonetization has taken about 86% of cash out of circulation. Could take ~175 days to replace hindustantimes.com/static/demonet
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For a mostly cash-based economy, staggering that chaos is low. Strong reminder of degree to which money is basically a consensus fiction 😦
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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



