A survey of public companies finds that the Sarbanes-Oxley Act has poisoned business relationships between companies and auditing firms. According to company comments, the auditing firms have been transformed into de facto agents of the government.
“Public company auditors are now privatized regulators for the Securities and Exchange Commission.”
Speaking this week: Thomas Woods on “The Truth About American History: An Austro-Jeffersonian Perspective.”
This past Saturday I had a very enjoyable interview with Scott Horton, where we talked about all sorts of things that would probably interest fans of Mises.org. You might check his website for other interesting interviews.
In their recently published paper, “The Curley Effect: The Economics of Shaping the Electorate” (Journal of Law, Economics, and Organization, Vol. 21(1), April 2005, pp. 1-19), Harvard economists Glaeser and Shleifer argue that democratic leaders can mix incendiary rhetoric and the redistributive powers of the state to encourage political opponents to emigrate, thereby shaping the electorate to their favor and allowing them to remain in office despite economic stagnation.
Kimberly A. Strassel dismantles NY attorney general/gubernatorial candidate Eliot Spitzer’s case against ex-New York Stock Exchange chairman Dick Grasso(WSJ $). It turns out that interviews with the NYSE board members refute Spitzer’s contentions that Grasso manipulated the board to pay him too much money.
“For they have sown the wind, and they shall reap the whirlwind.” Hosea 8:7
On Societal Ascendance and Collapse An Austrian Challange to Jared Diamonds Explications
