mwengler comments on Estimate the Cost of Immortality - Less Wrong

-4 Post author: Algernoq 13 December 2015 11:38AM

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Comment author: mwengler 17 December 2015 09:34:39PM *  0 points [-]

Mais non, money is not "just" trade or "just" one way of getting something. Off the top of my head, money has multiple roles which include being:

  • medium of exchange (that's trade)

  • store of value

Which is time shifted trade. I.e. I trade a perishable good now (like my labor or a bottle of milk) for some money, I store it for a while, and then I buy something with it. I can't imagine that this is anything more than a description of what we mean when we say "store of value"

  • way of measuring and comparing the value of different goods

And how does money do that? By being used to trade for different goods, money provides a common denominator for an externalizable ranking of values. (my internal ranking of values, a 25 cent caramel is worth much more than a few $10s of bucks for some sea urchin served in some restaurants as a delicacy.

But if two of these three functions seem like something other than trade to you, enjoy.