“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:
Michael Scheuer: Use the Constitution to prevent war with Syria
U.S. States Protect, Subsidize Bitcoin While Feds Moan About 'Terrorism' And 'Illicit Activity'
The Deceptive Debate Over What Causes Terrorism Against the West
5 Urgent Questions for 2013
Fed to America: ‘QE Scam Will Continue’
This is the Moment
Bill Bonner: Trump’s Tax Plan Would Bankrupt the Empire
'HELP: Detroit is Waiting to be Rescued!'
What five beers account for most emergency room visits?
This Could Shake Muni Bonds to the Core
Obama: Fool Me Thrice, Shame on Whom?
The Magnificent Failure of ObamaCare
Krugman Admits Keynesian “Economics” Is About Empowering the State
Bill Bonner: Gun-Toting Health Enforcers
How Do You Like Your Central Planners, Bookish or Flamboyant?