Posts Tagged ‘glossary’

How To Speak Public Pensions

John Lanchester provides a useful service in his new book How to Speak Money – What the Money People Say And What It Really Means introducing his topic by noting:

There’s a huge gap between the people who understand money and economics and the rest of us.  Some of the gap was created deliberately, with the use of secrecy and obfuscation; but more of it, I think, is to do with the fact that it was just easier this way, easier for both sides.  The money people didn’t have to explain what they were up to, and got to write their own rules, and did very well out of the arrangement; and for the rest of us, the brilliant thing was, we never had to think about economics. (page xiv)

The details of modern money are often complicated, but the principles underlying those details aren’t (page xv)

“There was a fear that if it was made understandable, it wouldn’t seem important” Grayson Perry on art world terminology (page 5)

My theory is that the jargon was developed to mask really stupid concepts (usually benefiting the jargon-user in some way) that, were they to be explained honestly, would be laughed out of use.

For example, the California Institute for Local Government (CILG) offers a Guide to Pension Terminology where they seek to define some terms that I believe could have been defined better.

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