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{{ | {{def|Deem|/diːm/|v|[[File:eagle over grand canyon.jpg|450px|thumb|center|A [[legal eagle]] soars over the magnificent legacy of the River Pedantry, yesterday.]]}}To be ''anti''-[[cunisian]]; to treat the one thing ''as'' the other. [[Demnation]] enfolds all a [[legal eagle]]’s intents and every one of her purposes. It is of a piece with the [[equivalence]] we crave when, under a [[stock loan]], we return an asset that ''is'', but simultaneously ''is not'', the one we borrowed. It is the means by which we [[get comfortable]] saying that [[eurobond]], being [[Fungible|of the same type and class, and forming part of the same series as]] but, all the same, [[ontologically]], distinct from, another one is, nonetheless, “the same” thing. We “[[deem]]” it to be so. | ||
}}To | |||
It is of a piece with the [[equivalence]] we crave when, under a [[stock loan]], we return an asset that ''is'', but simultaneously ''is not'', the one we borrowed. | |||
It is the means by which we [[get comfortable]] saying that [[eurobond]], being [[Fungible|of the same type and class, and forming part of the same series as]] but, all the same, [[ontologically]], distinct from, another one is, nonetheless, “the same” thing. We “[[deem]]” it to be so. | |||
We apply the same sort of [[The farmer and the sheep|Heath Robinson logic]] to a liability we say is “''in [[an amount equal to]]'' the amount borrowed” — as if the sum you pay back is, in some ineffable way, different from the one you borrowed.<ref>This seems intuitively right, but (on the [[JC]]’s idiosyncratic theory of the game, at least) isn’t: you can’t ''own'' money, it is its own, inviolate, anti-proprietary thing — it can only be ''held'', never ''possessed''. [[Money]] is a pure ethereal spirit in our grubby material world, its transfer cannot leave a physical trace but, its gravity ''curves'' our legal space-time continuum into something we can only recognise as [[indebtedness]].</ref> | We apply the same sort of [[The farmer and the sheep|Heath Robinson logic]] to a liability we say is “''in [[an amount equal to]]'' the amount borrowed” — as if the sum you pay back is, in some ineffable way, different from the one you borrowed.<ref>This seems intuitively right, but (on the [[JC]]’s idiosyncratic theory of the game, at least) isn’t: you can’t ''own'' money, it is its own, inviolate, anti-proprietary thing — it can only be ''held'', never ''possessed''. [[Money]] is a pure ethereal spirit in our grubby material world, its transfer cannot leave a physical trace but, its gravity ''curves'' our legal space-time continuum into something we can only recognise as [[indebtedness]].</ref> | ||