In Paul Krugman's 5/21/02 NY TIMES colun:>One final thought: This [accounting reform] isn't just a question of treating American investors fairly. Like the Asian nations before their crisis, the United States relies heavily on inflows of foreign capital, inflows that depend on international faith in the integrity of U.S. markets. The Bush administration may believe that investors have nowhere else to go, that the money will keep coming even if we don't reform. That's what Suharto thought, too. <
By the way, a media evaluation web-page voted PK's column the most consistently partisan of op-ed regulars. As I told PK, "not that there's anything wrong with it." JD
