When doing battle, seek a quick victory.
A protracted battle will blunt weapons and dampen ardor.
If troops lay siege to a walled city, their strength will be exhausted.
If the army is exposed to a prolonged campaign, the nation's resources will not suffice.
When weapons are blunted, and ardor dampened, strength exhausted, and resources depleted, the neighboring rulers will take advantage of these complications.
Then even the wisest of counsels would not be able to avert the consequences that must ensue.
Therefore, I have heard of military campaigns that were clumsy but swift, but I have never seen military campaigns that were skilled but protracted.
No nation has ever benefited from protracted warfare.
The sheer volume of potential commentary related to Obama's madness and the state of world affairs is so large that I am somewhat overwhelmed and do not know quite where to start. When overwhelmed you must prioritize, so I have formulated a few principles for dealing with this.
* How to stop socialized medicine without doing anything
* Context part II: Towards a theory of induction
* The pragmatist virtue of complexity
* Obama changing U.S. from paper tiger to just paper
* How prices can go down under inflation - update on Fed
* Obama's pragmatism: pattern of stating outright contradictions and meaning it
* Examples of Anthem like economic regression - are we in a depression?
* Follow up: why houses are not investments
* Comment on The Reith Lectures
* Update on the religious left
* Follow up: "the fatigue of central planning"
Anyway, I am back on the job and if anyone yearns for a post on one of these topics let me know and be sure that if no one yearns I will write about it anyway. Hopefully you will continue to find that although this blog is free, it is worth every penny.
More to come...