“We know from bitter experience that trying to force economies to do what you want is a thankless task. Markets are fundamentally based on free exchange, cooperation, trust and trade. Force them in one direction or another and you are just asking for trouble. As Alan Greenspan described this week, in an interview with John Stewart on ‘The Daily Show,’ people are a little ‘screwy’ from time to time. Which means they don’t necessarily go along with your central planning, no matter how good you think it is. But still economists insist that, if they are allowed to monkey around with it, they can make an economy better. This is occasionally true.”
http://www.bonnerandpartners.com/alan-greenspans-shock-revelation/
Related posts:
A Fiscal Lesson in Cyprus for Americans
Jim Rogers: India Economic Times Interview 03 Sept 2012
Robots to Rule the World? Taking All Jobs? Replace Women?
FT 'Explains' the Decline and Fall of the West
3 Gold Facts You Can’t Ignore
Rodmania in North Korea
Cyprus Parliament: “Stuff It, Eurocreeps!”
Jeffrey Tucker: Two Faces, One Totalitarianism
Chinese Women Aren’t Taking Buffett’s Advice on Gold
Should You Trust Your Instincts on Gold?
Government Will Protect Us From Bad Speech? The Fakest News of All.
Europe's Unraveling Is Not Political but Technological
Obama On Football
Most Bizarre Hedging Statement Ever?
Cops held liable in SWAT killing of unarmed man; city blames jurors' racial bias
