DanielLC comments on Open thread, Dec. 8 - Dec. 15, 2014 - Less Wrong

6 Post author: Gondolinian 08 December 2014 12:06AM

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Comment author: DanielLC 09 December 2014 04:28:04AM 3 points [-]

"Money" is a vague idea. It's defined as something that can be traded for goods and services, but everything can be. It's just a question of how quickly, reliably, and consistently it can be done. Out of necessity, economists have given precise definitions of "money". At least six of them.

Comment author: Vaniver 09 December 2014 02:27:10PM 1 point [-]

"Money" is a vague idea.

Sort of? The sentence that immediately follows seems precise enough to me, and is the same idea (though different words) than the definition I had in mind. If someone jumps to, say, "root of all evil" or "shared fiction" instead of "trade," that does seem informative about their blowhard-nature.