What is Money? - Sep 2, 2025

[Clete]

Wikipedia does a pretty good job on this one:

https://en.wikipedia.org/wiki/Money



Notice that there is NO mention of the effort involved in obtaining it.

You're argument commits a stolen concept fallacy.

Any mention of "exchange" or "value" implies "effort involved in obtaining it".

@Clete You continue to confuse WHAT money is with how people typically OBTAIN money.

I think you know that I'm not capable of making such an error. If you really think I am, you need to rethink it. I flatly am not making that error.

 

[Right Divider]

You can just keep on repeating this all you like, it is NOT true! Subjective does not mean arbitrary.

I never claimed that "subjective" means "arbitrary".

Nor is it even relevant to the main argument I'm making which is that the value of thing is tied to the effort it takes to produce or acquire.

The VALUE OF A THING is NOT what MONEY is.

You continue to conflate WHAT money is with what it TAKES TO OBTAIN it.

Over and out.

 

[Clete]

I never claimed that "subjective" means "arbitrary".

Not overtly, you didn't.

The VALUE OF A THING is NOT what MONEY is.

I didn't say it was. Money is what represents that value, it is what takes the place of something else of equal value (to both the purchaser and seller). That's why gold works as real money and so long as everyone using it agrees, that's why fiat currencies work for as long as they work. If there is no exchange of value for value (or the promise of such), what has happened is theft. Money is meaningless apart from value. Value is meaningless apart from productive work.

You continue to conflate WHAT money is with what it TAKES TO OBTAIN it.

Flat out, I do not.

Over and out.

Why is it that you refuse to answer the question I've asked a half dozen times.

I never pegged you for being one who would refuse to budge an inch off even the most mundane of issues. I mean this is seriously basic economics 101 level stuff I'm saying here.

Is it me? Are people just cemented into the things they believe because I'm the one challenging them on it? I seriously do not get it.

 

[RobM_456]

Money is a means of exchanging one persons time for another. But who's name is on the coin? Even in or day, Cesar still owns all the money.

 

[RobM_456]

You're argument commits a stolen concept fallacy.

Any mention of "exchange" or "value" implies "effort involved in obtaining it".

I think you know that I'm not capable of making such an error. If you really think I am, you need to rethink it. I flatly am not making that error.

Not necessarily. Money that is inherited carries value from other people who worked for it.

 

[7djengo7]

Money is a means of exchanging one persons time for another. But who's name is on the coin? Even in or day, Cesar still owns all the money.

Caesar's been dead for a couple thousand years. And surely you don't actually think Caesar owned all the money, even in his day, do you? Do you think Henry Ford owns all the Mustangs because his name is on them?