Star Banker Denounces Accounting Principles

Posted by AaronDay 12 years ago to Business
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A great piece by Roger Donway about John Allison's book The Financial Crisis and the Freemarket Cure and Roger Donway's Rich-Hunt.
SOURCE URL: http://www.atlassociety.org/brc/star-banker-denounces-accounting-principles


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  • Posted by khalling 12 years ago
    I have no idea who is dinging these posts ard. very interesting article. in our business, we have long lamented GAAP rules (which only attach profits to manufacturing-not R&D) and of course the SOX rule changes that tax options upfront, creating a brain drain of huge proportions for most startups. This has killed innovation in the US over the last decade. People do not realize that the technology they see today is ten years old or more from development. most disruptive inventions, outside me too products, have really dried up in the US due first and foremost to these issues. My husband wrote a book about these same issues. The Decline and Fall of the American Entrepreneur:...on amazon. I shamelessly plug it, when the topic comes up :)
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    • Posted by ObjectiveAnalyst 12 years ago
      Hello khalling,
      I just got done reading the article and the newest comments from your husband. Impressive. My compliments. Keep up the shameless plugging.
      We have a few authors and or their spouses on board. What do you think about starting a thread on the producers page where we can post ISBN numbers if available, retailers and short reviews of books of import so others can easily find and order?
      I think a running list of books that support sound economics, politics and philosophic principles would be a handy resource, regardless of author. Who knows it may even help sell a few more copies. I would like to see overmanwarrior, info also. Likewise for any other resident authors, such as yourself.

      Regards,
      O.A.
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      • Posted by khalling 12 years ago
        sounds like a plan. Do you want to see it by subject? if that's the case, I'm not sure how that would work unless you made a comment for each subject then posts of books underneath. and then we'd have that diminishing returns problem. we'd have to ask the admin how to structure such a page. We do have the Books subject for posts, but it is kinda tedious to go through all the posts to find books in one's interest area. hmmm
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