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July 10, 2014 


Greek Recipe For Disaster


Several years ago, Despina Antypa 
<http://r20.rs6.net/tn.jsp?f=001tn00zdsF62tzP4GqF2gkFm55YlljIMtAfPiFA6kdqe7XUBB8iSg5XO4-vSRpdQX70lSnHPoPXvaVULKkz3SoKRfZky5C-iVg1j_V0momVdmRj4j8_ipogYye4xp2DErwatiia4PEWGVRX39A8eu3GaZ7vSxl6qgvFiNG3MpJpD5IBDBjRbs-Kop0MiIBL3vdqgCi4yi40P-mzmDW5PT2dNLoNP4LYdSDzHlvoHzvzMJts5ilFB0QU05EXVxJEF2Nl2hhx8GvfVEh4nqcfPp06ZsNwo6aAIiA&c=20OvYsiQik-RnbaN0WeQqx6_khPUPxrzRr-xr0wTWjAF08E65TKkSg==&ch=8G2njBRtiP5ZE0oCVYpmKM69AxHD8NivpGkdV7ohdUBj1wGHgW6KPw==>
  and her husband worked at a leading newspaper in Athens. 

Then came the economic crisis 
<http://r20.rs6.net/tn.jsp?f=001tn00zdsF62tzP4GqF2gkFm55YlljIMtAfPiFA6kdqe7XUBB8iSg5XO4-vSRpdQX7lkjeECcZwkO5vspVDtZJVm5AKsR4EiHqH9I-YWSmJOjZCBg6viXRwTckZoe8-gKKXOVFrmrHXDJPNWxU5U3vyVGoXkrgsHJA0doHUEKE6yar9O5ZEkJynVAxXhgAtqnB1LKXwRKpV0wqjTsbnDNczNd3RD7PD7fVHSicn9fgybzcIoZ41qNIymU8gMjwzvadyQQT_DcePT4=&c=20OvYsiQik-RnbaN0WeQqx6_khPUPxrzRr-xr0wTWjAF08E65TKkSg==&ch=8G2njBRtiP5ZE0oCVYpmKM69AxHD8NivpGkdV7ohdUBj1wGHgW6KPw==>
 . 

The bad news was “just a whisper” at first. But when friends began losing work, 
she had the foresight and discipline to plan a new career. One unrestricted by 
language or country — just in case they ever had to leave Greece. She chose 
pastry, taking classes every weekday for two years, practicing techniques on 
weekends.  <http://thisiscommonsense.com/images/amphora.png> 

Sure enough, in 2011 the couple lost their own jobs. Despina threw herself into 
the task of confecting a signature delicacy good enough to sell; some 3,000 
trials and errors (“mostly errors”) later, she was satisfied. 

Then came the work of developing a website, packaging, selling. 

Orders poured in. The labors were paying off. Except that— 

The business was killed in its crib by bureaucrats. 

The Greek government demanded a lot, including 

*       advance taxes equal to “50 percent of estimated profit in the first two 
years” (money never to be returned were the business to fail);
*       minimum square footage for her shop much greater than necessary; and
*       a separate toilet for walk-in customers (although there would be no 
walk-in customers).

The arbitrary burdens proved too great. In 2013, her husband got a job offer 
that meant moving to Brussels. They jumped at the chance. There they forged the 
new life they could have forged in Greece — had they been allowed to. 

It seems that the road to recovery is not helped by hobbling the runners. 

This is Common Sense. I’m Paul Jacob. 

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Today


On July 10, 1832, U.S. President Andrew Jackson vetoed a bill to re-charter the 
Second Bank of the United States, in effect ending formal central banking in 
the United States until the establishment of the Federal Reserve in 1913. There 
were many, many regulations placed upon banking, however, and rumors of free 
banking in America have been severely exaggerated. 


Thought


  <http://thisiscommonsense.com/wp-content/uploads/2012/07/luthermartin.png> 
Those who would wish to excite and keep awake your jealousy and distrust are 
your truest friends; while they who speak peace to you when there is no 
peace—who would lull you into security, and wish you to repose blind confidence 
in your future governors—are your most dangerous enemies; jealousy and distrust 
are the guardian angels who watch over liberty—security and confidence are the 
forerunners of slavery. 
—Luther Martin 


Video


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