Home > Miscellaneous Musings, Predictions > Central planners hate real feedback, real prices, real information

Central planners hate real feedback, real prices, real information

Jim Grant explains here how the Fed constantly manipulates real prices, thereby destroying the “signal” benefits of the price mechanism – which is the foundation upon which the whole capitalist system is based upon for the purposes of real resource allocation.

They are market “dictators”.  Just like the satirical film from Sacha Baron Cohen, where the Dictator shoots anyone competing with him in his own national 100m race (including officials), Ben shoots anyone and anything that pushes prices against the trendline he wants them to go in.

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