Coming Soon: New Currency Order

Whatever you think of the young administration of President Barack Obama, you have to admit the man does not lack for ambition. He promised that sea levels would fall and the lame would walk, and everyone understands that will take at least a couple more months. But taking over the motor industry, well that’s . . . → Read More: Coming Soon: New Currency Order

Are the economic rationalists in Canberra losing their marbles?

When Jim asked me whether I was an economic rationalist I thought he was just stirring. The term “economic rationalist” has been used mainly in Australia and doesn’t seem to be used much anywhere these days. I don’t think there were ever many people in Canberra who called themselves economic rationalists. Those of us . . . → Read More: Are the economic rationalists in Canberra losing their marbles?

Fair Value Lying

Accurate, transparent, comparable and thorough financial statements are essential tools for performing mental calculations of value.  Being able to assess and weigh the performance of a going concern is vital for a holder of capital considering allocation to more productive uses which benefit humanity.  Trust in the accuracy, transparency, comparability and thoroughness of financial . . . → Read More: Fair Value Lying