Category Archives : Governance

Lying, Cheating and Stealing (Part Five)

Tweet In Part One of this series I referenced the Cadet Honor Code of the United States Military Academy.  While I graduated in 1964, I returned 12 years later (1976) to become a member of the faculty.  Shortly before I arrived, a major cheating scandal occurred in the spring of 1976 resulting in 151 cadets […]

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Lying, Cheating and Stealing (Part Four – Stealing)

Tweet Stealing is a word with many meanings yet we will all attest that we know what it means. Or do we?  In the opening article of this series I made reference to receiving a dozen ball point pens from the bank and asked if taking one from the bank’s customer work station was stealing.  […]

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Lying, Cheating and Stealing (Part Three – Cheating)

Tweet Cheating refers to gaining an unfair advantage in a competitive situation.  Generally it refers to an individual, keeping in mind that a company is usually viewed as an individual entity.  Cheating is an act consciously taken to gain the unfair advantage.  Wikipedia, defines three classes of cheating: (1) academic; (2) sports, video, and gambling; […]

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Lying, Cheating and Stealing (Part Two – Lying)

Tweet Quoting from Wikipedia, “a lie is a statement used intentionally for the purpose of deception.”  This definition is based on definitions from the Oxford Dictionaries and the Merriam-Webster Dictionary.   The key words are intent and deception.  Further, in Wikipedia, 36 types of lies are described, some acceptable and some not.  Or is lying never […]

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Money, Trade, Value and Time (Part Eight)

Tweet In part seven of this series we ended with three types of money on the table: gold (and other precious metals), fiat money (paper notes or data entries on a cyber ledger) backed by a government entity, and bitcoins backed by trust in no one other than the users.  In all cases, value is […]

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Money, Trade, Value and Time (Part Seven)

Tweet Last time we explored the Federal Reserve System and how money is added to a country’s financial system through the granting of loans for doing or making something of value. The money growth occurs because value is produced, or should be. As a result of effort expended, paid for with money, a product of value […]

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Money, Trade, Value and Time (Part Six)

Tweet Last time we looked at the banking system in the United States and the emergence of the Federal Reserve System (The Fed) and its 12 Federal Reserve Banks.  At the end of the article, we examined a current dollar bill (paper), noting that it says “Federal Reserve Note.” In the United States, this is legal […]

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Money, Trade, Value and Time (Part Five)

Tweet We finished the last post by observing the creation of the Bank of England in 1694 to raise money for its war against France. Note that war does not produce tradable things of value but does consume things of value. This is not intended to debate warfare because it may be essential for a country […]

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Money, Trade, Value and Time (Part Four)

Tweet In the previous posts of this series we looked at Uruk 5,000 years ago and saw the creation of tokens used for correspondence counting as well as making impressions in clay tablets. It was related to trade. A city of 50 to 80 thousand people, the inhabitants did different things and had to exchange […]

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Money, Trade, Value and Time (Part Three)

Tweet In the past two posts we looked at Uruk, the start of cuneiform, and trade within a “large” city.  Then we did a flash forward about 4,400 years to observe slow motion entrepreneurship, double entry accounting, gold coinage and the emergence of banks.  Now it’s time for a pause and a look at government. But […]

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