Star Banker Denounces Accounting Principles

Posted by AaronDay 11 years, 7 months 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 11 years, 7 months 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 11 years, 7 months 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 11 years, 7 months 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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        • Posted by ObjectiveAnalyst 11 years, 7 months ago
          One more thought: It would be good to link works from one thread to another when they are from the same author in case one is interested in the authors work regardless of multiple subjects...
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          • Posted by khalling 11 years, 7 months ago
            we can do that already I think. Just link either the book from the book post into the thread you are referring it to or vice versa. little tedious, but not too bad
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        • Posted by ObjectiveAnalyst 11 years, 7 months ago
          Yes by category/ subject. Perhaps the problem could be resolved by a work- around. One thread for each subject. Each book entry would start as an initial comment and people could add their two cents in the sub-comments... For books which cover multiple subjects one would have to pick the most appropriate or we could have a general / misc. thread. Yes, we need to list them under the "Books" category to help us sort the various sub-categories.
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