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Do you know what a social construct is?
I feel like people compare it to being a religion, but they don't understand social constructs and religion is the closest thing they can think of. They accept social constructs as mere facts of life that requires no faith at all (but they do, people just don't think about it.)
During the congressional hearing yesterday, Jerome Powell said: "If people believe inflation will go to 5% then it will" J Pow talking about "the faith in the currency" which an important aspect of money that economists generally understand. It is this faith in the currency that allowed the "Real" in Brazil to be successful (until the government killed it off just like their last currency). It is the concept that this video is talking about: https://www.youtube.com/watch?v=EPspYa8TLlA
well, religion is also a social construct
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All rectangles are squares but not all squares are rectangles.
Religion is a social construct, but not all social constructs are religions.
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