Thursday, April 9, 2020

Why Central Planning Fails in One Photo


Our natural immune response, coupled with some information. and maybe a little advertising can control colds and the flu better than central planning. The reasons are obvious--billions of people, even average or dumb people, are so much better at solving the millions of problems they face throughout the course of a day than any team of honcho "experts". If every expert is actually well meaning, rather than bribed and blackmailed, and has a 250 IQ, they still don't have the brainpower to control every scenario in the real world. The whole mass of sort of dumb people making free choices will probably produce the best possible outcome.

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