Difference between revisions of "Trust in Financial Institutions"
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Since the earliest recorded human history, governments have been in the business of establishing a trusted medium of exchange. Primarily so that they can fund their own operations, collect taxes and encourage trade.<ref>James Buchan, ''Frozen Desire.'' (1997) ISBN 0-374-15909-2</ref> | Since the earliest recorded human history, governments have been in the business of establishing a trusted medium of exchange. Primarily so that they can fund their own operations, collect taxes and encourage trade.<ref>James Buchan, ''Frozen Desire.'' (1997) ISBN 0-374-15909-2</ref> | ||
| − | The rules that governments use today to control their fiat currencies are focused on two primary problems, debasement by techniques like counterfeiting and | + | The rules that governments use today to control their fiat currencies are focused on two primary problems, debasement by techniques like counterfeiting and misuse like money laundering. This article focuses on the governments'' efforts to control misuses and the trouble that their efforts create for identifiers of humans and other legal entities. |
==Recognizing Good Governments== | ==Recognizing Good Governments== | ||
| − | The major challenge is that some governments profit from activities under their control that would be illegal in other parts of the world. This is especially true of money laundering. | + | The major challenge is that some governments profit from activities under their control that would be illegal in other parts of the world. This is especially true of money laundering. Before the flow of money can be controlled, it must be tracked. That typically means that governments force bankers to identify the entities that move large amounts of money, especially movement across national boundaries. |
==References== | ==References== | ||
[[Category:Trust]] | [[Category:Trust]] | ||
Revision as of 17:36, 14 February 2019
Full Title
Trust in Financial Institutions Should be a Primary Role of Good Governments
Context
Since the earliest recorded human history, governments have been in the business of establishing a trusted medium of exchange. Primarily so that they can fund their own operations, collect taxes and encourage trade.[1]
The rules that governments use today to control their fiat currencies are focused on two primary problems, debasement by techniques like counterfeiting and misuse like money laundering. This article focuses on the governments efforts to control misuses and the trouble that their efforts create for identifiers of humans and other legal entities.
Recognizing Good Governments
The major challenge is that some governments profit from activities under their control that would be illegal in other parts of the world. This is especially true of money laundering. Before the flow of money can be controlled, it must be tracked. That typically means that governments force bankers to identify the entities that move large amounts of money, especially movement across national boundaries.
References
- ↑ James Buchan, Frozen Desire. (1997) ISBN 0-374-15909-2
