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But doesn't that line of reasoning fall apart in the face of things like the LIBOR scandal?
by carapace 6y ago
But doesn't that line of reasoning fall apart in the face of things like the LIBOR scandal?
- CryptoPunk 6y agoThat's why I said "in principle". In practice, plenty of fraud/miscalculation/complicating-factors exist. I was simply arguing that derivatives are not, by virtue of their fundamental properties, illusionary or non-productive wealth.
- carapace 6y agoAh, cheers.