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July 08, 2019


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I had never heard about the Tinkerbell Effect until this post. But I found it to be very interesting and telling about the society that we live in. Most of our currency isn't backed by the gold it once was, but we the people give it the same value. Our once-mighty dollar is becoming more of the "Tinkerbell effect". Thanks for the great read.

David: Our belief in the value of gold--like our belief in the value of paper currency--is an example of the Tinkerbell effect. Gold has little intrinsic value; in fact, it has less practical value than, say, titanium.

Listen to the whole On the Media episode for a full explanation: https://www.wnycstudios.org/story/ceci-nest-pas-un-dollar-1

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