By Keith Weiner – Re-Blogged From Gold Eagle
It’s not every day that a clear example showing the horrors of central planning comes along—the doublethink, the distortions, and the perverse incentives. It’s not every year that such an example occurs for monetary central planning. One came to the national attention this week.
A company called TNB applied for a Master Account with the Federal Reserve Bank of New York. Their application was denied. They have sued.