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Johnathan Bi — Girard, Desire, and Modernity (EP.116)
Infinite Loops
Desire and Assets
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- Assets can be subject to frenzy if their value is based on speculation, rather than on a solid cash flow.
- The art market is particularly susceptible to this type of frenzy, because there is no underlying reality to which the value can be pinned.
- The value of assets can be maintained by those who claim to maintain a certain dollar value, but it is easier for those assets to go bust if they are not based on a solid cash flow.
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