Posts Tagged ‘ “wage controls” ’

The Command Economy

Dec 23rd, 2009 | By | Category: Featured, Macro Economics
America is transforming itself, without forethought, debate, or pause, into a command economy. A command economy is a top-down, state-controlled economy directed by planners and bureaucrats, boards and bodies, administrators and authorities. A command economy is not characterized by mutuality of interest and agreement between parties. It relies on edict. ...read more

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23 Skidoo

Jul 3rd, 2006 | By | Category: Macro Economics
IS THIS A RERUN of the ’70s and ’80s? Most seem to think so, as the word on everyone's mind is "stagflation.” In “Flationed Out,” I dismissed stagflation from an Austrian perspective, but let's look at things from a then versus now perspective to see what the similarities and differences are. This ...read more

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