4 ms·
If WWII policies seem to be evidence that "tight control of the economy worked just fine to stabilize the system," consider that centralized economic decisions
by crwalker 8y ago
If WWII policies seem to be evidence that "tight control of the economy worked just fine to stabilize the system," consider that centralized economic decisions (German war finance, treaty of Versailles, war reparations, Weimar Republic hyperinflation) paved the way for WWII. Early 20th century Europe is an odd example to choose to demonstrate a stable, well-controlled system.
- mistermann 8y agoUnless I'm mistaken, I think the point of contention here is whether centralized economic decisions can work sometimes (his point?) versus can never ever work (your point?). And by "work", I do not mean "work absolutely perfectly".
- mcguire 8y agoPerhaps centralized economic planning can work, for a period of time. Five year plans appear historically sketchy.