Flash forward to today. We now waste a great deal of time fumbling around with the flawed Gregorian calendar. For one thing, new calendars have to be printed every year. What a waste of both time and money.
But this isn’t the only cost dished up by our Gregorian calendar: The scheduling of holidays, sporting events, and school curricula — to name but a few — must be redone each year. The Gregorian calendar also causes confusion when it comes to the age-old idea of “time is money.” For example, a wide variety of financial instruments — bonds, mortgages, swaps, forward rate agreements, etc. — accrue interest by the day. The current calendar contains complexities and anomalies that make calculating the value of these instruments needlessly burdensome.
And there are other financial problems generated by the Gregorian calendar. For example, back in 2013, Apple was caught up in a quarterly reporting fiasco. Following its Q1 2013 earnings announcement, Apple suffered its worst one-day loss in four years as a result of the company’s failure to meet Wall Street’s expectations. This was largely due to a simple calendar-generated error — most analysts failed to account for the fact that Apple’s Q1 2013 was one week shorter than the same quarter the year before.