Why central planning efforts will ultimately backfire
“When credibility in central bank omnipotence snaps, buckle up. Risk will get re-priced, markets will fall apart, losses will mount, and politicians will seek someone (anyone, dear God, but them) to blame.”
Anyone involved with managing projects, people or systems knows that the only thing that can be planned with absolute certainty is that things will never go 100% according to plan.
History is full of examples where governments’ best-laid plans failed in spectacular fashion, exacerbating the very problems they were intending to solve. Below are a few of our favorites”
related by Larry Edelson:
The Seeds of War Are Now Everywhere …
