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> they over and under produce just about everything because the central planners have an impossible job. A free economy is full of over and under production al
by creer 3y ago
> they over and under produce just about everything because the central planners have an impossible job.
A free economy is full of over and under production also - probably because exact production is an impossible goal. I feel the better difference is in how free and responsive all the actors can be. Free to over-sheep in a bubble. Free to copy-cat when there is demand. Free to try and exploit any perceived imbalance. Responsiveness and freedom from dogma is a more important characteristic?
- pitaj 3y ago> A free economy is full of over and under production also Not nearly to the same degree, especially if you take into account various distortionary government policies.