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IPFS News Link • Unintended Consequences

From the Notebook The Unintended Consequences of COVID-9/11

• https://tomluongo.me by Tom Luongo

One of the fundamental problems of central planning of any kind is what we systemic thinkers call the 'Law of Unintended Consequences.' It's not really a law but it should be.

You know you're dealing with an 'unintended consequence' of a policy when the politicians, bankers, regulators and their apologists in the media say something like, 'well, you know, no one could have foreseen {fill in the blank}."

Some of those blanks are:

The Housing Bubble of 2005-07 which caused the financial crisis of 2008.

The election of Donald Trump after decades of offering false choices to the American Electorate.

Most recently the collapse of the Afghan government to the Taliban and the U.S.'s ignominious retreat.


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