Thursday, June 18, 2015

On the Presumption that a Group of "Experts" Can Step in and Make Things Better, Free from Political Influence

It is of course bullshit in that the government process acts outside of profit and loss, thereby losing the all-important feedback mechanism without which there can never be rational economic calculation, only guessing (and as we all know by now they usually guess wrong)....That, and they're also idiots.

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