Moving beyond "Reputation"--the Market View of Reality

[Jim Choate]

On Sun, 25 Nov 2001, Gabriel Rocha wrote:

> 		On Sun, Nov 25, at 03:05PM, Tim May wrote
> | Thus, what is the "reputation of the dollar"? Is it because of foolproof 
> | anti-forgery measures? Is it because of the laws of the U.S.? Etc.?
> | 
> | No, it is a kind of collective hallucination.
>  
> It is not a "Collective hallucination"

If you use the work 'reputation' to mean that the past behaviour is a
reasonable indicator of future behavior (as most CACL use it) then it is
most certainly a shared hallucination.

In fact it's not even 'economic', it's 'emotional' in nature.


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