Germany

The ability of a business to maintain accurate and meaningful accounts is undermined by the debasement of the accounting medium, fiat currency.

The impossibility of economic calculation in a fiat world The purpose of keeping accurate accounts is to quantify net worth at any given point in time – as well as the change from a prior date. It goes without saying that the measure used, money, should be constant if comparisons over time are to mean … Continue reading

Germany’s Prime Minister, Angela Merkel, was in the news today defining the conditions upon which Germany would provide financial assistance to Greece. Included in the list of requirements is a plan…..