Dickeson--Use the Right Efficiency Formula

I said it was a crude index. Inflation should be indexed among many other things to get a solid handle on trends. And then we know that there are really three competing kings to manage in our empire:

• King Liquidity,
• King Productivity, and
• King Tomorrow.

Productivity's just one of the three. No mention of the accounting fiction called "profit" in that list, is there? King Liquidity is availability of current assets to cover current liabilities. King Tomorrow is the cost of reinvestment for the future. King Tomorrow always fights with King Liquidity.