Enronomics, is in reference to the accounting "practices" of the failed US corporation Enron. It is a particularly insidious implementation of economics theory that is, in essence, the shell game: Debt is transferred to facade entities, so that it can be distanced from the main entity. In order for it to work, like in the shell game, the illusion - in the accounting records, must hide any ties to the entities that carry the debt. While the debt is elsewhere, the appearance of wealth, and performance via profits is bolstered, and investment can continue at its elevated rate. Enron Corporation Enron Corporation is an energy trading and communications company based in Houston, Texas that employed around 21,000 people in mid-2001 (before bankruptcy). ... U.S. Economic Calendar Economics at the Open Directory Project Economics textbooks on Wikibooks The Economists Economics A-Z Institutions and organizations Bureau of Labor Statistics - from the American Labor Department Center for Economic and Policy Research (USA) National Bureau of Economic Research (USA) - Economics material from the organization... The shell game (also known as thimblerig) is a gambling game, often used to perpetrate fraud. ...

The scandal surrounding Enron also has implications for George W. Bush, who had close ties to several Enron executives, mainly the former CEO, Ken Lay. The style of conduct is reported to be similar to those used by Bush's former company Arbusto Energy. George Walker Bush (born July 6, 1946) is the 43rd and current President of the United States and a former Governor of the State of Texas. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... Kenneth Lee Lay (born April 15, 1942) is an American businessman and former CEO of Enron Corporation. ... Arbusto Energy (Arbusto Oil) was a petroleum and energy corporation formed in Midland, Texas, in 1977, by George W. Bush. ...

The use of the scandal-linked term Enrongate, though it has appeared in several papers, never achieved great popularity. The later objection and call to action by former Fed Chairman Paul Volcker (that the major accounting firms are still doing "aggressive accounting" for the same firms that they audit) has also received little press play. This may be because of successfully applied media distraction (see censorship in the United States). The Federal Reserve System is headquartered in the Eccles Building on Constitution Avenue in Washington, DC. The Federal Reserve System (also the Federal Reserve; informally The Fed) is the central banking system of the United States. ... Paul Adolph Volcker (born September 5, 1927), economist, is best-known as the Chairman of the Federal Reserve under United States Presidents Jimmy Carter and Ronald Reagan (from August 1979 to August 1987). ... The US Bill of Rights explicitly forbids the government to censor advocacy of religious ideas or practices and guarantees the rights of citizens to speak and publish freely, as well as to assemble to demand redress of grievances (see First Amendment). ...

One innovation of enronomics is the financial metric "hypothetical future value". Finance studies and addresses the ways in which individuals, businesses and organizations raise, allocate and use monetary resources over time, taking into account the risks entailed in their projects. ...

See also

• Theftinomics