And yet we have the whole purpose of accounting being defined as being for the benefit of short-term speculators.
FORBES: What happens when accounts aren't fit for purpose?
Did the M2M accounting rule, as defined in the 2007 FAS 157, cause the panic of 2008?
FORBES: Will Obama End Mark-To-Market?
Upon reflection, policy is best defined using current-period accounting of carbon stocks and flows, ideally with direct, measurement-based, verifiable tallies of GHG emissions from the production and use of all fuels and feedstocks.
FORBES: Rethinking Life-Cycle Fuel Regulations
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