Central Planning Works!
Declares LewRockwell.com:
"All of this means that while the government has been artificially propping up the economy and 'stimulating' it through artificial means, peoples’ perceptions of economic life have been transformed into that which was intended by the central planners: the economic crush is over, our government cured all the problems, things are great again, go back to your old ways. Rinse and repeat."
"All of this means that while the government has been artificially propping up the economy and 'stimulating' it through artificial means, peoples’ perceptions of economic life have been transformed into that which was intended by the central planners: the economic crush is over, our government cured all the problems, things are great again, go back to your old ways. Rinse and repeat."
FDR. I don't see the risks he took after 1941. Hitler though and Too, now they had skin in the game.
ReplyDeleteI generally agree with Taleb about skin in the game, but he's stretching a rule of thumb about incentives beyond what it will bear here.