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What makes you think that the economy featuring the most un-chained capitalism is a centrally planned economy? I wasn't aware of any government dictated 5 year
by hef19898 4y ago
What makes you think that the economy featuring the most un-chained capitalism is a centrally planned economy? I wasn't aware of any government dictated 5 year plans or similar thing anywhere in the western world.
- boppo1 4y agoThe FOMC is a planning committee. Even if you keep your hands out of all the other parameters of industry, setting benchmark rates dictates what kinds of businesses succeed. It's like a string that all the other strings on the marionette connect to. You don't get granular control, but you're definitely exerting a huge amount of deliberate influence.