On the Fact that Even Though Economic Information Is Far too Voluminous, Diffuse, and Dynamic for Any Central Authority to Manage (Especially from a Distance), We Still Have These Power-Hungry and Insipid (How's that for a Combination?) Politicians and Bureaucrats Insisting that They Possess the Magical Sauce and Can Somehow Manage the Chessboard Properly

Hayek referred to it simply as, the "knowledge problem" but, honestly, after many decades of watching these buffoons attempting to overcome it (and constantly failing), the "idiocy problem" is likely a tad more apropos (seriously, if the left is going to fuck with the language, why can't I, just this once?), wouldn't you say?