4 ms·
Maybe I'm dense, but I don't see how central planning makes money superfluous. Central planning doesn't mean you're beyond scarcity. Money quantifies the worke
by utexaspunk 9y ago
Maybe I'm dense, but I don't see how central planning makes money superfluous. Central planning doesn't mean you're beyond scarcity. Money quantifies the worker's share of the production and their spending communicates demands and priorities for subsequent production. There's no getting around having prices for things, the prices are just lower because they are not calculated to be as high as possible to maximize profits for investors and because the redundant production, marketing, and financing expenses associated with competition are eliminated.