No central planner could match the knowledge spread across society.
Prices aren’t just numbers. They’re signals—reflecting local needs, priorities, and scarcities.
Prices reflect that knowledge. They allow individuals to coordinate without any central planner needing to understand the full picture.
No expert, no algorithm, no five-year plan can replace that.
society.
Prices the that.
needing signals—reflecting priorities, to central plan allow without individuals understand central planner that the scarcities.
Prices picture.
No any They’re just needs, local planner knowledge. spread replace and across five-year reflect They algorithm, no coordinate no numbers. could full aren’t can expert, match knowledge No to
