Conceptual Framework

With two chapters of the proposed common framework now official, it was time for me to revise Chapter 5. You can find the result  at http::// (254kb). I have not hesitated to throw my opinion in the chapter on grounds that we make accounting seem to sterile and to encourage readers to ponder a little more on accounting. Please don’t hesitate to let me know if you think I sound to harsh. I am in search of newer references for this chapter so if you know of any — or have written something yourself — please let me know.

Personal pronouns

When I was a youngster, says my cousin John, we had a minister who would go ballistic if anyone deigned to put a Bible on the ground. This fetish was particularly difficult to respect when (for example) we were sitting round a campfire. His reasoning was that this was the Word of God and should be respected as such. Today he would probably be mocked as an eccentric, but his vehemence on the issue has stuck with me all these decades on. Continue reading

What am I missing?

My reading of annual reports from cities across the nation tell me that public finances are in a shambles and that the salaries, pensions, benefits and jobs of public service employees are threatened. The police are among those who are in danger of being hurt by the economy. So, can anyone explain to me why the police are treating Occupy Wall Street as the enemy instead of as their best friends. I am missing something here!!!

Government finances — in denial

Today’s newspapers brought some astonishingly sad news about the state of economic education. David Leonhardt writing in the New York Times (The Gridlock Where Debts Meet Politics) is picked up in the Dallas Morning News under the better title “Voters won’t do the math.” The point being made in the articles is that there is simply not enough money in the system to pay pension and healthcare benefits for retirees. Continue reading