A market is where people exchange money for some other stuff.
No, and I'm not quibbling. It's quite important to get the definition correct in all generality. Specifically, trading "stuff" for money is no final sale. It's only a trade for an intermediary. Until 2008 this difference was trivial. Since then, it's a critical difference. Indeed, the difference creates the "no definition of money" state.
Else, one makes this kind of error:
If the definition of money ceases to exist there is nothing to exchange for the stuff.
Ever heard of barter?
The market ceases to function.
QED.
"QED" used here as I have means I have demonstrated the validity of my assertion, "It's quite important to get the definition correct in all generality", by arguing in the contrary. If I don't explain every last common usage, nobody knows what I'm talking about. This occurs because most are barely illiterate, haven't got up to what I would consider even illiterate, operating near chimpanzee, and this situation has been brought about by the existence of the NEA and its control of schools. I was lucky. I got out of school before NEA had any influence. |
