Money and currency is our medium for the exchange of goods and services. In the US, we use dollars. It is printed and regulated by the US Government. It is divisible, scarce, durable, portable, difficult to counterfeit, universally accepted, and stable. The value of a nation’s currency is correlated to its scarcity and wide acceptability. […]
Month: July 2020
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Bureaucrats and Bureaucracies
We associate a bureaucracy with words like stodgy, slow, formal, inefficient, procedural, wasteful, and expensive. Where do we find bureaucracies? Usually in large companies and organizations. In government offices on a local, city, county, state and federal level. There may be less obtrusive bureaucracies in smaller establishments. What do bureaucrats and bureaucracies do? They have […]