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Saturday, March 5, 2011

RE BILL GATES CRITICIZES STATES' ACCOUNTING HUFFINGTON

Gates criticizes states' accounting frauds and tricks. 


Very fair comment. He is playing off of Wall Street, and 


federal government, bail out shenanigans.


'Gates argued that government accounting practices 


should be more like private accounting.'






However, 


I don't know if anyone else can see the humor, 


or the fallacies, in such a position. 




His fallacy, one of them, is that he holds up private 


sector ethics in accounting as an ideal for these public 


sector rascals. But no one but a fool believes much 


anymore in private 


sector ethics in accounting or auditing.  That system is 


thoroughly broken. 


Cannot be fixed by our flawed political regulatory 


system.




A related point:


Many conservative Americans honestly believe that a 


solution for their woes is elimination of only the federal 


government, leaving them to the tender mercies of rule 


under their particular state, and to the rest of the states 


and the world.

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