Without getting into the intrinsic value debate, this is where I strongly depart from Denninger, because if we accept the thesis that all money is a universal mass illusion, then a market-based illusion can be just as valid or more valid than a State-controlled illusion.
Also, the intricate polarized pattern, which sparkles under the sleek surface, creates a three-dimensional illusion that is eye-catching and exquisitely reminiscent of a jewel.
Mr Halliday steers an informed path between the myth of pervasive external control, trumpeted in fundamentalist rhetoric and anti-imperialist literature, and the illusion of a ring-fenced Middle Eastern independence.
But 20 clicks after lunch on a bike at least imparts the illusion of cardio-repair.
No scientist working on India's nuclear programme was under any illusion that bomb-making technology, once learned, could somehow be unlearned.
Nevertheless the illusion of new-found wealth has caused households as a whole to save less and spend and borrow more.
Here's an alternative hypothesis, one for the behavioral economists to look into: Maybe diet soda creates a psychological illusion of self-denial and thereby encourages gluttonous behavior.
Leave that illusion to gun-control cheerleaders in the media.
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The stimulus-driven recovery illusion was a time when, in a mini-version of the dotcom period, sentiment was to the bullish side and trading was mostly to the upside.
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Speed limits are just an illusion with a dual-core 1.2 GHz processor and Verizon Wireless 4G LTE.
All promise much the same thing: a velvet rope to keep out the attitudinally unwashed, serendipitous interaction, quirky content and at least the illusion of egalitarian elbow-rubbing.
This promise, backed up by thousands of pages of regulations, undermines the natural risk aversion and skepticism of market participants by creating the illusion of a risk-free future.
The dimpled plastic back, similar to that on the Galaxy Nexus -- has a wrap-around illusion and can only be pried off by turning the lock at its base.
The second is the illusion of national self-containment, the belief that, since the Norman Conquest, English experience has unfolded within its own unique parameters, separating it radically from the continent.
Smart phones will have color screens that, when held close to the eye, create the illusion of an 18- to 24-inch computer screen suitable for Web surfing and viewing high-resolution pictures.
The day's lecturer, Matt Marcy, a former student who now performs on cruise ships, dissected a crowd-pleasing illusion in which audience members secretly choose a crayon color, a number and a country.
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At the October meeting, Cleveland Fed President Sandra Pianalto noted that she was hearing worrisome talk that builders were going to significant lengths in order to maintain the illusion of a still-robust market for homes.
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Would we allow the Israelis - who are under no illusion that their country faces an existential threat from a nuclear-armed Iran - to act alone against a danger we may share?
Since human depth perception relies on calculating the difference between the angle of view coming to each eye, the result is a 3-D optical illusion.
Like marks on the surface of a beautiful painting, once you are aware of the imperfections, it is hard to re-enter the illusion of the image.
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Combat soldiers need the illusion of immortality that 19-year-olds have.
It has a proprietary system for encoding 2D and 3D video using occlusion, which is delivered to standard panels that have been retrofitted with its optical glass sandwich to bring the spec-less 3D illusion to viewers.
As far as the real-time encoded live TV content, the resolution looked fine but the stereoscopic illusion was a little, well, flat -- as if layers of 2D objects were placed at varying distances.
But while social mobility has diminished in the new Labour years we have a plausible alternative - we have the illusion of social mobility in the celebrity culture.
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Brokers would also "spoof" the market on behalf of UBS - creating a false illusion that there was more demand on one side of the market than really existed, by advertising bogus requests, in order to influence the interest rates offered by the banks.
But a new bipartisan bill gaining traction in Congress may forever end the illusion that digital commerce represents a zero-tax environment.
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Still, it makes the very idea of a president mixing with the people he is elected to serve seem like a well-intentioned but ultimately bittersweet illusion.
As long as we continue to raise the federal debt ceiling, as we will soon be asked to do, we will perpetuate the illusion that government spending is a low-cost way to fulfill our desires.
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