tag:blogger.com,1999:blog-6630104052002496191.post9160521220034081685..comments2024-02-25T08:33:45.942+00:00Comments on Reality Lenses: About the 'end' of the Yuan's Dollar pegpejhttp://www.blogger.com/profile/10958133367017526690noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6630104052002496191.post-41684445537578192312010-06-27T20:51:59.228+01:002010-06-27T20:51:59.228+01:00No - it never works. The only problem is that, lik...No - it never works. The only problem is that, like "stimulus" which is never "big enough". The socialists will tell you that "proper central planning has never been tried". (sigh)pejhttps://www.blogger.com/profile/10958133367017526690noreply@blogger.comtag:blogger.com,1999:blog-6630104052002496191.post-25058169010698007412010-06-26T05:25:25.672+01:002010-06-26T05:25:25.672+01:00Central planning never works.
I think because by ...Central planning never works.<br /><br />I think because by it's nature it invites massive cronyism, which is always results in massive misallocation of capital. Add that to central planning's natural tendency to misallocate capital (you're never as careful with OPM as they would have been), and you get double misallocation!Dave Narbyhttps://www.blogger.com/profile/10773693145577366704noreply@blogger.com