Part of a conversation with Max Hernandez, author of an interesting book entitled "Thieves (sic) Emporium"
"Smart boy. Money is what people say it is. And sometimes, people change
their minds. So money is not always the same thing. Today, the answer
to your question is dollars. But, tomorrow, it might be gold."
you forgot a key factor in your "subtle" definition: the reason people
"say" the dollar is money is because the FedGov has a gun held to their
heads demanding that they accept it in transactions. That's all. If
those (legal tender) laws were revoked, OR if it became obvious to a
critical mass that the gov is running a scam, people would "change their
minds" in a heartbeat. Except for the cows, of which there are many.
But even they'd learn soon.
What's the scam? I'm glad you asked. It's substituting that which is NOT money for that which IS.
NOW we need a definition, don't we?
definition excludes the free market, which is what Parker fears above
all else. In order to arrive at a proper definition of money, you must
include a free market IN MONEY, which we haven't had in a long time.