Oct 3, 2021, 8:53 PM

@herja

Accounting is an arcane science, but it was one that was unable to prevent Worldcom or Madoff. Those who seek to reap profit in the short term despite the long term damage will do so. Legislating around that, or attempting to do so, is a bandage on a gaping wound.

Anyhow, as I said, there are ways to make money that do not comply with or run contrary to accounting principles. Some don’t even make sense. But I don’t think all of them will carry long term harm.