2min chapter

The "What is Money?" Show cover image

"Money: Free and Unfree" with George Selgin (WiM209)

The "What is Money?" Show

CHAPTER

We've Learned That Lesson About Socialism and Central Planning

i hope we're not veering back towards people advocating a comprehensive central planning, because that is a gigantic flop. It never did work well in those nations that attempted it. Even market economies have had their own achilles heels and their own weaknesses. And one of the sources of weakness has been poorly designed monetari and banking systems that fit it are unstable.

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