Day 1,905: retreat, erroneous, retort

An obvious result is the retreat of individual liberty.

Yet if investment is based on erroneous calculations of demand and supply, or if data on subsidies and profits are suppressed, then the odds of a successful transition are low.

China’s admirers might retort that the country’s key decision-makers still have good information with which to steer the economy.

The real problem with China’s economy

Artwork of the day 
Men's Retreat
Dana_Schutz
Date: 2005
Style: Neo-Expressionism
Genre: genre painting

Word of the day 
retreat: a move back by soldiers or an army, either because they have been defeated or in order to avoid fighting: a situation in which the price of something goes down:
erroneous: wrong or false:
retort: to make a quick answer that is often amusing and sometimes expresses anger or annoyance:

Quote of the day
“That perfect tranquility of life, which is nowhere to be found but in retreat, a faithful friend and a good library.”

― Aphra Behn, The Lucky Chance