Pur Autre Vie

I'm not wrong, I'm just an asshole

Tuesday, December 26, 2017

Financialization Continues Apace

Just a quick observation while I work on a more substantive post. It's interesting the degree to which our language relies on financial metaphors. Someone who accepts a financial instrument at "face value" gives it the full value stated on its face. On the other hand, someone who has doubts about the instrument might discount it, i.e. buy it for less than 100 cents on the dollar.

And so when someone tells you something, you can take it at face value, or you can discount it.


Anonymous Anonymous said...

I think this is a good trend. For all its flaws, finance is an area where thinking is unusually clear and precise compared to most human endeavors. And it is an area where people endeavor to be correct and pay real costs for being wrong. Seeing more financial like thinking from the press or the public would improve the world.

8:53 AM  

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