grayruby

> it allows you to pull a lot of progress forward

It's a great example of how thinking in terms of one dimension (forward vs backward) misses the important fact that economies are enormously multidimensional. Pushing forward in one dimension comes at the expense of progress in many others.

Undisciplined

Meta Econ Takeover Day 15

I think central planning has the same feature as fiat money (makes sense since they go hand in hand) where it allows you to pull a lot of progress forward but creates bloat, perverse incentives and eventually topples under its own weight. 