4 ms·

You sound very certain about this. Where does that certainty come from?

• gruez 6y ago
  This is pretty mainstream economics.
  • jbay 6y ago
    The grandparent's label of "central planning" seems to encompass almost any possible policy that deviates from a completely free market. I don't think any mainstream economics, other than caricatures, supports the idea that any possible economic policy that isn't a completely free market doesn't work.
    • Consultant32452 6y ago
      You are making false claims about what I said. I intentionally used language like "better/worse" or "more/less efficient." Of course central planning will "work" in the sense that you will see that someone commanded some masks to be sent to a hospital, the hospital used them, and some lives were saved. However, a basic understanding of economics informs us that pricing is a more efficient tool at getting masks where they are most needed, and is likely to save even more lives. Pricing simply works "better."
• Consultant32452 6y ago
  If you have an interest in learning the core concepts of economics I can't speak highly enough about "Basic Economics" by Thomas Sowell. It provides a really great understanding of economics using history and lots of real world examples to explain the concepts in plain English. It's non-technical enough that the audio book is an excellent fit. https://www.amazon.com/Basic-Economics-Fifth-Common-Economy/dp/B00PKQMFT8/ https://www.amazon.com/Basic-Economics-Fifth-Common-Economy/...