Another Blank Wednesday

Nothing "new" is happening, as usual.

More government lying - FT: "Greece was condemned by the European Commission on Tuesday for falsifying data about its public finances and allowing political pressures to obstruct the collection of accurate statistics."

More oppression and skulduggery in China - FT: "Google has said it will end the controversial censorship of its search service in China and risk being thrown out of the world’s most populous internet market, following what it claimed were Chinese-based attempts to hack into its systems and those of other international companies. The group also said it had found evidence of attempts to break into its Gmail system, with partial success in two cases, and many other attempts to trick “dozens” of human rights activists around the world in order to access to their email."

China is a military dictatorship ruled by a clique of Communist party officials; that's all one needs to remember.

Rules don't apply to Democrats. The normal process of legislation would be a full conference committee to reconcile the House and Senate versions of ObamaCare. But the Democrats are doing this among themselves behind closed doors.

Chavez continues to act the role of the 21th century Fidel - WSJ: President Hugo Chávez's decision to devalue Venezuela's currency in order to shore up government finances could backfire on the populist leader if the move leads to substantially higher prices and extends an economic downturn. Just days after Mr. Chávez cut the value of the "strong bolivar" currency, some businesses were marking up prices. Shoppers jammed stores to stock up on goods before the increases took hold."

The common element in all the above: malfeasance by the ruling classes. The only political system that can produce maximal freedom in a dynamical world over time is populist libertarianism, where the ruling classes are strictly regulated and controlled, while the common man is completely free.

Oh well ... time marches on.

Word of the Day

"Chary" - adjective [$10]
Chary means 1. cautious, wary (e. g., chary of employing such people); 2. sparing, ungenerous (e. g., chary of giving praise).
Sentence: With ObamaCare looming and likely large tax hikes, any thinking business owner must be quite chary of new hiring.