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I mean knowledge of the real economy. What materials there are and what is done with it. That's all you need in a planned economy to avoid crises. I said that

I mean knowledge of the real economy. What materials there are and what is done with it. That's all you need in a planned economy to avoid crises. I said that the USSR had one economic crisis that wasn't due to exogenous circumstances. Which is true. I agree that free markets outperformed them. I'm saying there is clearly potential for improvement since the USSR was so dysfunctional and was planned with pen and paper.

nradov 5y ago
There is no way to gain accurate, detailed knowledge of the real economy. It has always been impossible. That's one of several reasons why economic central planning is stupid.
- sudosysgen 5y ago
  This is stupid. We can definitely do that, even today, with basic computer technology.