5 ms·
Is an inherent instability in any system with long/slow information chains. It's more a failure mode of central planning than of free markets. We had a few comp
by lobocinza 5y ago
Is an inherent instability in any system with long/slow information chains. It's more a failure mode of central planning than of free markets. We had a few companies making bad decisions based on bad demand forecasting. This is a problem mitigated by stock exchanges (commodities).