The concept of fair value accounting is correct and useful, but the application during periods of crisis is problematic. It’s another one of those unintended consequences of making a rule that’s supposed to be good that turns out the other way.
Architects like to work in a problematic environment.
Berlin has a uniquely haunting nature, symbolic of a problematic system that was created to oppress and divide a nation.
Some argue that recognition of the genocide has become even more problematic now, when the world is at war with terrorism and the United States cannot afford to offend the sensibility of our Turkish ally.
The ACA – popularly known as ‘Obamacare’ – has been an important step forward toward an admirable goal: providing access to health insurance for all Americans. But like many reforms generated by the political process, the ACA is problematic.
The thing about a real economy is that it actually is like the game of Monopoly in the sense that when one person has all the money, the game is over. And in a game of Monopoly, of course, that’s quite charming, but in a real economy, it’s much more problematic.
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