Tag Archives: misallocation of capital
Haunted by Ghosts of the Old Eastern Bloc
Jerome Powell, the new Chairman of the Federal Reserve, just completed his third week on the job. He’s hardly had enough time to learn how to operate the office coffee maker, let alone the all-in-one printer. He still doesn’t know … Continue reading
Posted in MN Gordon, Politics
Tagged central planning, eastern bloc, jerome powell, misallocation of capital, price controls
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