Speaking of accounting scandals

Jagadeesh Gokhale

Economic Commentary, 2002, issue Aug

Abstract: The better stockholders' information about a firm's prospective finances, the better their decisions on investing their money productively. The same is true of lawmakers' decisions on how to allocate public funds. As the Enron-Andersen debacle has made abundantly clear, murky financial reporting can have devastating consequences. Is something similar happening with reporting on government finances-especially with regard to Social Security and Medicare?

Keywords: Social security; Medicare; Budget (search for similar items in EconPapers)
Date: 2002
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