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I would argue the perceived haphazardness is an advantage. The more centrally planned the economy, the more likely an incompetent government takes power and muc
by monero-xmr 4y ago
I would argue the perceived haphazardness is an advantage. The more centrally planned the economy, the more likely an incompetent government takes power and mucks it up. Part of America’s genius is the (fairly) restricted powers and decentralized nature of responsibility.
- TheOtherHobbes 4y agoIs this why the US financial system blows up so regularly?
- ptero 4y agoThat may be. But whatever those blowups are they tend to be a lot less damaging than at other places. I lived through two growing up, and both times almost everyone lost almost all money. I will take the risk on my US bank account over those any time. My 2c.
- CamperBob2 4y agoAnd why it recovers so quickly.
- refurb 4y agoAsian financial crisis? Euro crisis? It’s not unique to the US. It just makes headlines.