Central Planning Always Fails: The Fed Will Self-Destruct
'Central Planning' loses before it even begins. In America, central planning of the economy was cemented into place when the U.S. Congress established the monopolist Federal Reserve in 1913. The seeds were planted then, and they have been bearing rotten fruit ever since. The time for planting the seeds of sound money, detached from government, has arrived. The Fed's perennial self-destruction provides the opportunity to think.