It suffers from a problem that Friedrich Hayek calls a “pretence of knowledge.”
How unfortunate that we cannot go all the way back to the grandeur and glory of the World War II economy!
Review of ‘The Spirit of Green’ written by the fake economist and fake ‘Nobel’ prize winner William Nordhaus
The more an economy is centrally planned, the less coordinated and more chaotic the exchange relationships.
Welcome relief for the country’s poor and marginalised
In a hyperinflation, the demand for money collapses.