Please recommend podcasts about accounting, economics, or finance. A Canadian focus would be a bonus but not a necessity.
I'm reading the book Monoculture by FS Michaels, which describes how what the author calls "the economic story," which she sees as dominant in our culture and as having replaced earlier dominant stories rooted in religion and science, is shaping people's work, communities, education, and relationships. In the book, Michaels talks about how "as the economic story spreads to government, a language based on economics develops along with a new way of thinking and reasoning about what goes on in government -- a kind of accounting logic. That accounting logic makes two assumptions: first, that anything and everything your government does can be assessed in terms of what value is added, and second, that the value added can be linked to how much money is spent on the activity in the first place." Etc. My question is: in this context, what does the phrase "accounting logic" mean? [more inside]
Yet-Another-Major-Filter: Economics vs. Finance vs. Accounting [more inside]
[MonetaryPolicyFilter] In relation to the Fed's huge injection of money yesterday, please explain to me how, if at all, the Federal Reserve can destroy money on its balance sheet in a way that offsets the inflation that normally would result. [more inside]
US Govt. Reporting of Economic Indicators: There was a link on Fark today about creative accounting. A choice quote from that article - "In short, we would need to have about $45 trillion in the bank today earning interest in order to pay all the promises that have been made for future Social Security and Medicare benefits — over and above the future taxes and premiums that will be collected to fund these programs." and "The CBO estimates that we would have to raise taxes by 6.5 percent of GDP immediately and forever to maintain these programs in perpetuity. This year alone, that would mean a tax increase of $800 billion.". [More Inside] [more inside]