Tuesday, February 24, 2009

Coin-A-Thought:Planning Economys

Arrogant Conceit

"So they will "transform our economy." Obama's nearly trillion-dollar plan will not merely repair bridges, fill potholes and fix up schools; it will also impose a utopian vision based on the belief that an economy is a thing to be planned from above. But this is an arrogant conceit. No one can possibly know enough to redesign something as complex as "an economy," which really is people engaging in exchanges to achieve their goals. Planning it means planning them. "

This is a at the polar opposite of our system. If you have to plan what happens in the economy you must know what people are going to do. You must restrict what people do in order to plan the economy from the top.

Planning Economies Means Planning People

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