>Like maybe don't put a Soviet-style central committee in charge of the money supply?
The US didn't have this at the end of the 19th century and they suffered through multiple bouts of mass unemployment and deflation as a result. That's why the Federal Reserve was created.
Central planning can be done well or badly. It can't not be done at all.
The US didn't have this at the end of the 19th century and they suffered through multiple bouts of mass unemployment and deflation as a result. That's why the Federal Reserve was created.
Central planning can be done well or badly. It can't not be done at all.