China Intervenes to Shore Up Banks: What Next?
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  • Jim.

    The Chinese practice of fudging government statistics allegedly dates back to Great Leap Forward. If petty bureaucrats found that their Leaps were long or high enough to match top-level plans, it was easier to make up happy numbers than to face the consequences of honesty.

    I’m curious whether the form of Christianity now taking root in China is either widespread enough or Puritanical enough that it will make a difference here. Certainly, any organized effort to get people to be scrupulously honest is an aid in times like these. Efforts backed up by Omniscience and hellfire are markedly more effective even than the efforts based on the mere mouth of a gun.

    “For heathen heart that puts her trust
    In reeking tube and iron shard—
    All valiant dust that builds on dust,
    And guarding calls not Thee to guard.
    For frantic boast and foolish word,
    Thy Mercy on Thy People, Lord!”

    This is just as applicable in economic situations as in military ones, it seems. Perhaps moreso. And just as applicable in the Eurozone or US as in China.

  • play nice

    The ChiComs are liars? Go figure.

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