Central planning failed in the USSR, but central banks have revived it
“If all Russian housewives (and house-husbands) had decided to go on an apple-pie diet and started baking pies for breakfast, lunch, and dinner, sugar demand would have increased but the prices still would have been 96 and 104 kopecks. As a result, we would have had a shortage of sugar — a common occurrence in the Soviet era.”
USAGOLD note: Highly recommended. A good read from someone who experienced first-hand the ill-effects of a centrally planned economy.