“Large-scale central planning can be effective, but only by pulverizing the delicate fabric of evolved civilized life. It is a future that practically no one wants, because it means destroying the many different futures already in the works – marriages, businesses, babies, baptisms, hunting trips, shopping, investments and all the other activities of normal life. Not all central planning produces calamities on that scale, of course. But all, to the extent they are effective, are repulsive. The more they achieve the planners’ goals, the more they interfere with private goals, and the more they retard or destroy the progress of the human race.”
http://www.bonnerandpartners.com/the-god-like-vanity-of-central-planners/
Related posts:
John Hussman: Recognizing the Risks to Financial Stability
The Evolution of Government
Name That Black Swan
Kill Lists Will Continue
Smartphone & Laptop Searches: Know Your Rights
Murray Rothbard: Fighting for Oil? [1990]
Could Bitcoin (or equivalent) Become a Global Reserve Currency?
Substitutionary Justice In A Free Society
About That Supposed Correlation of the U.S. Dollar and Gold....
The Pentagon, CIA, and NSA Are in Charge
How to Survive When Prices Double Every Day and a Half
Driver’s Taxes and Other Money-Grabbing Schemes Throughout History
Niall Ferguson: Networks and Hierarchies
The War on Drugs Is Far Deadlier Than Most People Realize
Bill Bonner: To the Class of 2015, Part 2
