Last week, in part I of this essay, we discussed why a central planner cannot know the right interest rate. Central planner’s macroeconomic aggregate measures like GDP are blind to the problem of capital consumption, including especially capital consumption caused by the central plan itself. GDP has an intrinsic bias towards consumption, and makes no […]
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https://monetary-metals.com/wp-content/uploads/2019/02/stuff-they-dont-want-you-to-know.jpg 739 853 Keith Weiner https://monetary-metals.com/wp-content/uploads/2022/08/monetary-metals.png Keith Weiner2019-02-11 05:55:362022-12-19 15:54:43What They Don’t Want You to Know about Prices
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