Tag Archives: Ponzi Scheme

It depends on what ‘is’ is!

22 Jun

Bill Clinton We laughed at his disclaimer, but Bill Clinton had a point.  A naked word is clueless.  The first rule in logic is: Clarify your terms!

But what is a term? A word set in a context.  So, in one sense, Bill pointed out the obvious – ‘IS’ as a word takes on significance only in a context.

Take, for example, the unaccompanied word, ‘set’.  How can ‘set’ be employed?

  • a lamp, set upon a hill
  • a man, set out on a journey
  • my cat, set upon lapping some milk
  • a victim, set up by a Ponzi scheme
  • the book, set down on a table

Words and terms matter, dear friend. May we take time to use particular care to avoid confusion and communicate with accuracy and clarity.