Accounting Quotes - page 3
The pilgrims were human beings. Otherwise they would have acted differently. They had come a long and difficult journey, and now when the journey was nearly finished, and they learned that the main thing they had come for had ceased to exist, they didn't do as horses or cats or angle-worms would probably have done - turn back and get at something profitable - no, anxious as they had before been to see the miraculous fountain, they were as much as forty times as anxious now to see the place where it had used to be. There is no accounting for human beings.
Mark Twain
You can't give the average Wall Street CEO really lenient standards of accounting and expect the figures to be good. The accountant is like the referee in soccer. The accountant has to be the adult that prevents the mayhem. Accountants don't want to be the adults because it causes liability, it causes responsibility, it causes difficulty ... they failed us terribly.
Charlie Munger
How do wealth-income and capital-output ratios evolve in the long run, and why? Until recently it was difficult to properly address this question, for one simple reason: national accounts were mostly about flows, not stocks. Economists had at their disposal a large body of historical series on flows of output, income and consumption – but limited data on stocks of assets and liabilities. When needed, for example for growth accounting exercises, estimates of capital stocks were typically obtained by cumulating past flows of saving and investment. This is fine for some purposes, but severely limits the set of questions one can ask.
Thomas Piketty
Protocols:
these coppers for its own need without additional interest.
So long as loans were internal the Goyim only shuffled their money from the pockets of the poor to those of the rich, but when we brought up the necessary person in order to transfer the loans into the external sphere, all the wealth of States flowed into out cash boxes....
We shall so hedge about our system of accounting that neither the ruler nor the most insignificant public servant will be in a position to divery even the smallest sum from its destination without detection or to direct it in another direction except that which will be once fixed in a definite plan of action.
Will Eisner
Dialogue in Hell:
limitation to the increase of taxes. So they conceived a scheme truly admirable for its simplicity.... A special fund was created, the capitalized resources of which are meant to be a permanent redemption of the public debt by successive fractions; so that every time the state borrows, it must endow the sinking fund with a certain capital for the purpose of liquidating the new debt at a given time....
Our system of accounting, fruit of long experience, is distinguished by the clarity and the certitude of its procedures. It obstructs abuses and gives to no one, from the smallest official to the chief of state himself, the means of diverting the least sum from its original purpose, or of making irregular use of it.
Will Eisner
Accounting for the artificial boom and the consequent bust is not part of Keynesian income-expenditure analysis, nor is it an integral part of monetarist analysis. The absence of any significant relationship between boom and bust is an inevitable result of dealing with the investment sector in aggregate terms. The analytical oversight derives from theoretical formulation in Keynesian analysis and from empirical observation in monetarist analysis. But from an Austrian perspective, the differences in method and substance are outweighed by the common implication of Keynesianism and monetarism, namely, that there is no boom-bust cycle of any macroeconomic significance.
Roger Garrison
Whatever form it takes, the possession of the imaginative gift transforms the problem of accounting for human conduct. For now it is not a question of how given needs are satisfied. Deliberative conduct, choice, the prime economic act, depend for their possibility, when they go beyond pure instinctive animal response to stimulus, upon the conceptual power of the human mind. Choice is necessarily amongst thoughts, amongst things imagined.
G. L. S. Shackle
Heron and Olympiodorus had pointed out in antiquity that, in reflection, light followed the shortest possible path, thus accounting for the equality of angles. During the medieval period Alhazen and Grosseteste had suggested that in refraction some such principle was also operating, but they could not discover the law.
Carl B. Boyer
Obama has demonstrated no desire to make tough choices. Americans demand a more efficient, effective government, but his budget calls for more taxes and more spending. It employs deceptive accounting gimmicks but does nothing to tackle long-term entitlement problems, nothing to save Medicare or fix Social Security.
Reince Priebus
With demands for special education or standardized test prep being shouted in their ears, public schools can't always hear a parent when he says: 'I want my child to be able to write contracts in Spanish,' or, 'I want my child to shake hands firmly,' or, 'I want my child to study statistics and accounting, not calculus.
Amity Shlaes
The chronically ill and those toward the end of their lives are accounting for potentially 80% of the total health care bill out there. There is going to have to be a very difficult democratic conversation that takes place. The decision is not whether or not we will ration care. The decision is whether we will ration with our eyes open.
Donald Berwick
