Americans have difficulty understanding command economies because all command economies were essentially fringe until China, and the US allowed China to build currency value by exporting labor to the US and Europe, creating a house of cards that is now failing.
causalpending
Speaker
Mike TaylorEvidence Quote
“Americans have great difficulty in understanding a uh command economy...we essentially allowed them to uh put wealth in their currency uh or value in their currency by having them export their labor...they've had value built in their currency and with that they built a gigantic house of cards”
Source
Biggest. Bubble. In. Capital. Market. History | Mike Taylor 1-on-1 With Keith McCullough— HedgeyeCreated: 8/10/2026, 11:06:55 PM
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