Michael Perelman writes:
> Steve, I suspect that many people will not know what this
> about, but it
> is important. Corporations are going to be allowed to be even more
> tricky in their accounting. Investors (mostly small ones) will get
> fleeced. Enron's will multiply. Free markets uber alles.
This is free market _rhetoric_ ("get the gummint off our backs") über alles,
but allowing companies to engage in shady accounting goes against free
market principles and is thus likely to hurt "free markets" in the long run
(just as Enron's collapse is screwing up a lot of businesses). In terms of
free market principles, shady accounting is like contract-breaking.
JD
