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When Rules Create Loopholes
Why does the U.S. cling to a rules-based accounting system while the world uses principles? This episode explores how GAAP's specificity invites loophole-seeking, while IFRS's flexibility demands judgment—and what that means for trillions in global capital. Episode 1745 — myweirdprompts.com/n/1745 (permanent short link: myweirdprompts.com/834813)
The skinny
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