Hayek promised that prices were highly compressed and efficient information signals. In practice, post-COVID, large scale, rapid price adjustment has delivered something more akin to an information bomb.
newstatesman.com/ideas/2022/02/… https://t.co/hciVP2cGyX
In 1994 Barry Posen devised a defense strategy for a newly independent Ukraine which envisioned a Manstein-styel flexible defense v.
In 1994 Barry Posen devised a defense strategy for a newly independent Ukraine which envisioned a Manstein-styel flexible defense v. Russian attack. See Chartbook Newsletter