Friday, November 27, 2020

Tag: Failure To Communicate

Janet Yellen Blames A Federal Reserve Induced Faltering Economy on… Wait For It… Drugs!

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by Jeff Berwick, The Dollar Vigilante:
Central planning is only good for two things. Poverty and comedy.

The stories from the Soviet Union central planners are just that. They caused abject poverty for hundreds of millions of people AND created hilarious stories about shortages of such things as right shoes. The claim was that two factories were set up, one to make left shoes, and one to make right shoes. But when the factories started in production it was discovered that both were making left shoes creating a massive shortage of right shoes.

When central planning is involved get ready for starving people and laughs galore!