Danny Newton

Charlie Munger: 'We've Screwed Up'

Why are the economists being singleef out for bad accounting? How about teachers that insist on social promotion? Isn't that dishonest accounting too? A system with no accounting is our transportation system. Only Toll roads are crafted so that income from the toll meets or exceeds the costs. Still, there are many toll roads that never inflation adjusted the tolls and eventually over their service life became wards of the gas tax as well as the toll tax.