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Tag Archives: central planning
On the Road to Oblivion: “Quality, Thy Antonym is Equality!”
On the Road to Oblivion: “Quality, Thy Antonym is Equality!” “Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron’s cruelty may sometimes sleep, his cupidity may at some point […]
Is America a Police State?
Is America a Police State? The current state of the United States’ criminal justice system, if it can even be called that anymore, is truly appalling. Recently, in a small town in Pennsylvania, an insurance agent for Nationwide Insurance noticed a certain plant growing in a garden on the property he was inspecting. This insurance […]
If Economists Are So Smart, Why Are They Always Wrong?
If Economists Are So Smart, Why Are They Always Wrong? When I took Econ 101 and 102 as a young college student back in antediluvian times the textbook we were assigned was Paul Samuelson’s Economics: An Introductory Analysis. This book is the all-time best selling economics textbook and is still around today (19th ed.). I had the 1961 […]
“Liberal Socialism” — Another False Utopia
“Liberal Socialism” — Another False Utopia Very often bad and failed ideas do not die, they simply reappear during periods of supposed social and political crisis in slightly different intellectual garb, and offer “solutions” that would merely help to bring about some of the very types of crises for which they once again claim to […]
The Triumph of Hope over Experience
The Triumph of Hope over Experience The Guessers Convocation On Wednesday the socialist central planning agency that has bedeviled the market economy for more than a century held one of its regular meetings. Thereafter it informed us about its reading of the bird entrails via statement (one could call this a verbose form of groping […]
The Fed Will Blink
The Fed Will Blink Honest Profession GUALFIN, ARGENTINA – The Dow rose 174 points on Thursday. And Treasury Secretary Steve Mnuchin said we’d have a new tax system by the end of the year. Animal spirits were restless. But which animals? Dumb oxes? Or wily foxes? Probably both. Since Thursday there have been two additional […]
Carbon Taxes, Cow Farts, And Central Planning
Carbon Taxes, Cow Farts, And Central Planning Submitted by Erico Matias Tavares via Sinclair & Co., In a centrally planned economy decisions on what to produce, how to produce and for whom are taken primarily by the government. The term is usually associated with communist economies. However, since US President Franklin D. Roosevelt implemented a […]
Fragmentation and the De-Optimization of Centralization
Fragmentation and the De-Optimization of Centralization Solutions abound, but they look forward, not backward. Many observers decry the loss of national coherence and purpose, and the increasing fragmentation of the populace into “tribes” with their own loyalties, value systems and priorities. These observers look back on the national unity of World War II as the ideal […]
Forecast 2017: The Wheels Finally Come Off
Forecast 2017: The Wheels Finally Come Off “There is no other endeavor in which men and women of enormous intellectual power have shown total disregard for higher-order reasoning than monetary policy. […]
How Systems Break: First They Slow Down
How Systems Break: First They Slow Down Alternatively, we can cling to a state of denial, and the dominant system will be replaced by arrangements that are not necessarily positive. The reality that cannot be spoken is that all the financial systems we believe are permanent are actually on borrowed time. One way we can judge […]
Why All Central Planning Is Doomed to Fail
Why All Central Planning Is Doomed to Fail Positivist Delusions [ed. note: this article was originally published on March 5 2013 – Bill Bonner was on his way to his ranch in Argentina, so here is a classic from the archives] We’re still thinking about how so many smart people came to believe things that […]
Wikileaks Reveals IMF Plan To “Cause A Credit Event In Greece And Destabilize Europe”
Wikileaks Reveals IMF Plan To “Cause A Credit Event In Greece And Destabilize Europe” One of the recurring concerns involving Europe’s seemingly perpetual economic, financial and social crises, is that these have been largely predetermined, “scripted” and deliberate acts. This is something the former head of the Bank of England admitted one month ago when Mervyn King […]
The Pitfalls of Currency Manipulation – A History of Interventionist Failure
The Pitfalls of Currency Manipulation – A History of Interventionist Failure The G-20 and Policy Coordination Readers may recall that the last G20 pow-wow (see “The Gasbag Gabfest” for details) featured an uncharacteristic lack of grandiose announcements, a fact we welcomed with great relief. The previously announced “900 plans” which were supposedly going to create […]
The End of Europe (As We Know It)?
THE END OF EUROPE (AS WE KNOW IT)? As the Eurozone is amid secular stagnation, its old fiscal, monetary and banking challenges are escalating, along with new threats, including the Brexit, demise of Schengen, anti-EU opposition and geopolitical friction. According to Dan Steinbock, Brussels can no longer avoid hard political decisions for or against an […]
Impaled On Its Own Petard——The Fed’s Folly Festers Further
Impaled On Its Own Petard——The Fed’s Folly Festers Further Listening to even a small portion of Simple Janet’s incoherent babble makes very clear that the nation’s central bank is well and truly impaled on its own petard. According to the dictionary, the latter term refers to….. …….. a small bomb used for blowing up gates and walls when breaching […]
