Smart People to Blame for Central Planning

September 7, 2009 | Source: The Daily Reckoning

Central planning didn’t work in Russia or China — or in the 2007-2008 financial blow-up — but today, in China, the government boosts production, and in America, the central planners are trying to boost consumption, says investment author Bill Bonner.

“In short, the fixers are still fixing. And soon, the world will be in an even worse fix than it is now.”