Sunday, February 2, 2014
On Central Planners
These folks simply don't have access to all of the relevant information, and the knowledge that's necessary is just way too dispersed for these paper-pushers to make any sort of rational calculation (Spain and its green energy initiative, for example - an unmitigated disaster). That, and there isn't any sort of strong feedback mechanism that would alert them to change course. I mean, I know that leftists hate the word, profit, and all but it does in fact serve an actual purpose in a free market economy.