Harvard professor Howell Jackson had an op-ed in the New York Times today explaining what the federal government’s balance sheet would look like if it were held to the same accounting standards as public corporations. There are probably some good reasons why the government doesn’t do its accounting that way, but it’s still a scary editorial.
Ugly numbers
Harvard professor Howell Jackson had an op-ed in the New York Times today explaining what the federal government’s balance sheet would look like if it were held to the same accounting standards as public corporations. There are probably some good reasons why the government doesn’t do its accounting that way, but it’s still a scary editorial.
Commentary
Previous post
An outsider’s thoughts on the recallNext post
Shame on the Catholic Church