Why Central Planning Fails

Why Central Planning Fails

PostBy: franco b On: Wed Mar 06, 2013 9:38 pm

Essays by Bill Bonner have not been as frequent lately but this one is as good as any.

I don't think Bonner has any peer in recognizing the forces that influence the actions of governments and their outcomes.

http://dailyreckoning.com/why-central-planning-fails/
franco b
 
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Re: Why Central Planning Fails

PostBy: SMITTY On: Wed Mar 06, 2013 10:39 pm

That guy is brilliant. I had to turn the radio down to let it all soak in. Very well stated. 8-)

I like this particular line - I feel it sums up our whole current situation, metaphorically, to a TEE:
Typically, the designers argue that the people must make sacrifices but that it will all come right in the end. “You can’t make an omelet without breaking some eggs,” said Lenin.

People go along with breaking a few eggs (particularly if they belong to someone else) for a while. Ultimately, the problem is the omelet; it never makes it to the table. And the meal that ultimately does arrive is disgusting.
SMITTY
 
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