Finance & Fury Podcast

Welcome to Finance and Fury, the Furious Friday edition. Today, we are going to go through the concept of Planning versus chaos within an economic system Before we get into it - Which one would you prefer – purely based around the description – an economic system that is fully planned or one that is based around chaos – albeit self-organising chaos? That is where Fully planned does sound better – in theory – you should have lower uncertainty – through have some entity creating all the rules of commerce, from the amounts of goods to produce and at what price, how many people should be employed and at what wage – creates the perception of safety - but in reality – is this what actually occurs? On the other hand – when looking at Chaos - could this actually lead to a better result for you and I? Well – based around what has been observable throughout history – it is – as chaos when left to its own devises becomes self-organised It does sound weird – letting an economic system fall into complete chaos But chaos