Chinese pantomime

“Speaker Nancy Pelosi visits Taiwan, flouting Chinese threats and Biden’s concerns” from:

https://news.yahoo.com/speaker-nancy-pelosi-visits-taiwan-145134003.html?fr=sycsrp_catchall

So what. The Chinese coms are part of the play to make Biden appear strong. Just a ruse to help out a mate.

We shall see but I suspect nothing will come of it.

From Drudge [from the far left, that is].

ONE GIANT STEP FOR FREEDOM
PELOSI IN TAIWAN!
CHINA RAGE
WORLD BRACES FOR RESPONSE

We’re such suckers! More theatrics to follow.

Free markets are about to end and so is our prosperity

No one any longer knows now a market economy works. How a necessary feature is a private sector setting prices process. Without that the market will not function. It cannot be run by governments.

Why that is can be found almost in my book alone:

Also from Mises and Hayek but you have to read them closely.

We are about to bring the market economy to an end and no one will be able to bring it back.

Zuzanna Lucja

Ah, love, let us be true

To one another! for the world, which seems

To lie before us like a land of dreams,

So various, so beautiful, so new,

Hath really neither joy, nor love, nor light,

Nor certitude, nor peace, nor help for pain;

And we are here as on a darkling plain

Swept with confused alarms of struggle and flight,

Where ignorant armies clash by night.

We are being robbed and no one seems to notice

I keep looking for someone else to point it out but no one does so I will.

If prices go up unless they fall by the same amount at some stage in the near future, you are forever behind unless your income goes up by the same percent.

Suppose prices go up by 6% and then the inflation rate goes to zero you are forever behind by 6%. Isn’t that clear?

Let me repeat in a slightly different way. If the inflation rate goes to zero you are still that 6% out until your income rises by that same 6%.

Those in government are stealing our wealth and we are apparently too stupid to notice.

No one seems able to distinguish between a level, such as GDP, and a rate, like inflation. We really are a stupid bunch. Even if inflation goes to zero percent we must remain behind.

Promising a return to zero inflation leaves most of us behind.

Higher interest rates make the robbery permanent.

Covid imbeciles

Personally I think we will continue to have mask mandates because more than half the population remains scared and will continue that way. From Instapundit:

 Biden’s symptoms ‘continue to improve significantly,’ says White House physician.

If a 79-year-old man in apparent decline health can recover so quickly while suffering so little, then it’s time for even the worst panic-mongers to admit the emergency is over.

A real leader!