Not only does the consumption come before the production, in their view, but they also assume they can predict where the future demand will be.

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Yeah, central planning is simply a retarded concept. No human or group is capable of actually doing it. The only group that can is the entire group of market participants. So free markets.

I think this is partly why the mighty elites are drooling over AI, just the latest tool in their ongoing push for a centralized planned economy.

Communism didn’t work, so they pivoted to MMT. MMT is failing, so now it’s on to an AI-planned economy.

listening to Fredrick Bastiat’s “The Law” while reading this. 👍