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KaiserPro • yesterday at 8:51 PM • 1 reply • view on HN

TLDR;

Modern finance is basically a collaborative fiction. Its fine so long as everyone buys into the same narrative. As soon as someone says "no, why?" the whole thing falls of the rails.


Replies

wartywhoa23 • yesterday at 10:07 PM

But luckily for the modern financial system, there are enough watchdogs lured with its narratives into willingness to enforce their coherency with weapons.