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It is not just that we don't have the information -- it is likely that it is _impossible to have the information_. The economy is not a machine, it is organic
by JackFr 13y ago
It is not just that we don't have the information -- it is likely that it is _impossible to have the information_. The economy is not a machine, it is organic and self-modifying.
While there are reasonable arguments for free markets which are pure philosophy, from a pragmatic perspective free markets are good, because the the price is probably the most accurate and efficient information channel available to producers and consumers.