Tinkerbell effect
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The Tinkerbell effect describes those things that exist only because people believe in them. The effect is named for Tinker Bell, the fairy in the play Peter Pan who is revived from near death by the belief of the audience.
Cases of this effect include
monetary system
- the value of money that is not backed by a rare metal -- the so called gold standard ...
- the value of a nation's money, technically called Fiat currency separate from its foundation in the monetary system
civil society
- the "Rule of law"
- the power of the vote
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