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39 sats \ 0 replies \ @Rothbardian_fanatic 20 May \ parent \ on: Interest Rate Caps Won’t Solve America’s Debt Problem. Here’s What Will econ
Yes, the Bolsheviks tried it at first, until Lenin came to some senses (not many, just some).
Actually, it was Lenin and his New Economic Policy (NEP) of 1921. Where he freed up the markets to cause the economy to stabilize. Mises did a great hatchet job on socialism and the pricing impossibility in command economies called the economic calculation problem in one of his books and Hayek finished the job in his Pretense of Knowledge speech.