Original Post: Government Planning Is Killing the Economy.
Friedrich Hayek warned more than half a century ago that central planning doesn’t work. Here’s why: Central Planners (government) makes a plan The plan includes specific expectations The expectations are never, ever, realized A “crisis” ensues So the planners demand more control And create more plans Ad hoc Willy nilly Capriciously So you must wait for things to settle down to make your decision Today’s Wall Street Journal article about the fiscal cliff demonstrates the futility of
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