Central Planning is the Root Cause of Economic Chaos
The free market is often ridiculed as “chaos” because its activities are not controlled or planned by any central body. But history tells us that central planning is the true harbinger of chaos.
The free market is often ridiculed as “chaos” because its activities are not controlled or planned by any central body. But history tells us that central planning is the true harbinger of chaos.
As inflation diminishes the value of our monetary savings, we are pushed into short-termism, risky investments and the increased need to control the behavior of others.
Here are a few desperate cries for help from the people affected by the Yes Bank Crisis. As you can see, this screw up does not discriminate against any religion or political ideology. Many of these people are probably hard-core Modi supporters.
Economic systems converge on a single currency, and bitcoin has the most credible monetary properties.
The greater the amount of projects the government undertakes, the more real wealth is taken away from real wealth producers.
It is not often that we at the ILR get the pleasure of agreeing with socialists from the left or the right, but this one takes the cake !