By Bill Bergman, Truth in Accounting, includes “Financial markets offered valuable lessons in recent decades. These lessons arrived with painful costs, including generalized taxpayer losses and wider citizen consequences. The episodes shared common elements, including shortfalls in truthful accounting and financial reporting. … Today, we may be on the cusp of “learning” more unlearned lessons. And this time, we aren’t just exposed to a few autumn leaves falling to the ground, or a few twigs or limbs falling in a storm. This time, we may be looking at a rotting core – the trunk and roots of our society — in our governments themselves.”
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