One would have hoped that after the fall of the Soviet Union, the idea of a centrally planned economy would have been discarded forever. But alas, it was not. And now we are witnessing the failure of the “Western” version of central economic planning. It doesn’t matter how brilliant the planners believe they are. The “advanced” technologies that they may have make no difference whatsoever. Even “artificial intelligence” (an oxymoron if there ever was one) can’t make central economic planning work. Freedom is fundamental to civilized life, and sound money is the immutable foundation.

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