MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘Central Planning’

Janet Yellen – Fed Central Planner

Posted by M. C. on September 19, 2015

The hallmark of free market theory is that no one person or group (central planners) can decide how to allocate resources. Only the actions of consumers can put a value on any given resource. Resources, finished products even the dollar can only have its value determined by aggregate demand. The opposite of this is central planning. The most glaring example of central planning was the Soviet Union. Read the rest of this entry »

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