It is now understood as being imprecise --- >>>>>>>>
Nope, it was too precise! What is preferred now is foggy language as in "a living breathing document" for one example having little to do with the matter of economics.
This an expression of some kind of grievance that has nothing to do with the issue at hand.
You are welcome, of course, to maintain your previous opinion. I have nothing to contribute further, however.
Thank you for your post.