Wednesday, October 13, 2004

Shout-out for a great topic 

by NA
Dave, BCC'er and mastermind of Dave's Mormon Inquiry, has a tremendous post up about fiscal transparency in the Church. Some very strong arguments all over this issue, and raises some fun questions about Church fiscal policy and our relative wealth. I wonder if the Church engages in derivatives, swaps and hedges in complicated structures, Enron-style, or whether it is all about straight-up asset valuation in the Warren Buffett tradition. Clearly, the consecrated funds view is a solid argument for conservative transactions -- but at the same time, the parable of the talents rewarded the highest gains! If Warren Buffett used his middle initial more prominently (it's "E", for Edward) he could almost be a G.A. -- his annual letters could be slapped into the Ensign, they're that fun to read.

P.S. hot presidential debate tonight, supposibly focusing on the economy. Stay tuned for a poll!
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