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As I noted earlier, whenever economists assume rationality but ignore fraud, the predictions are likely to fail. Every S&L control fraud got a clean opinion from a top-tier audit firm—usually they got several years worth of clean opinions—even though they were deeply insolvent and engaged in pervasive accounting fraud. All of the current control frauds got clean opinions from top-tier audit firms, even when they were deeply insolvent and engaged in massive accounting fraud. Control frauds are routinely able to find auditors to assist their frauds. Indeed, a prestigious audit firm is a control fraud’s most valuable ally. The NCFIRRE report (1993a, 76) provides the bottom line: The result was a sort of “Gresham’s law” in which the bad [accounting] professionals forced out the good.
The Best Way to Rob a Bank Is to Own One
William K. Black
The hidden reality I aim to expose is that for over fifty years, all-out thermonuclear war—an irreversible, unprecedented, and almost unimaginable calamity for civilization and most life on earth—has been, like the disasters of Chernobyl, Katrina, the Gulf oil spill, Fukushima Daiichi, and before these, World War I, a catastrophe waiting to happen, on a scale infinitely greater than any of these. And that is still true today. No policies in human history have more deserved to be recognized as immoral. Or insane. The story of how this calamitous predicament came about and how and why it has persisted for over half a century is a chronicle of human madness. Whether Americans, Russians, and other humans can rise to the challenge of reversing these policies and eliminating the danger of near-term extinction caused by their own inventions and proclivities remains to be seen. I choose to join with others in acting as if that is still possible.
The Doomsday Machine
Daniel Ellsberg
Please don’t misunderstand me. These medications can be lifesaving tools and I’m grateful to have them in clinical practice. But there is a cost to medicating away every type of human suffering, and as we shall see, there is an alternative path that might work better: embracing pain.
Dopamine Nation
Anna Lembke
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