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Can Cybersocialist Planning Become a Reality?

The digital revolution of recent decades allows for much more developed resource allocation than was possible in the 20th century. Cybersocialist planning, some argue, can provide for a rational allocation of resources, under real democratic control.

The Myth at the Heart of Modern Economics

A fabricated story about the causes of 1970s inflation — repeated in high school textbooks and the New York Times — plays a surprisingly important role in shaping economics today. It may well have helped spur the Fed’s ongoing campaign to engineer a recession.