Re:Economists who defend disaster profiteers are wrong
by jbay on Wednesday April 15, 2020 @01:38AM
(#22874877)
The grandparent's label of "central planning" seems to encompass almost any possible policy that deviates from a completely free market. I don't think any mainstream economics, other than caricatures, supports the idea that any possible economic policy that isn't a completely free market doesn't work.
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Re:Economists who defend disaster profiteers are wrong
by Consultant32452 on Wednesday April 15, 2020 @04:22PM
(#22882573)
You are making false claims about what I said. I intentionally used language like "better/worse" or "more/less efficient." Of course central planning will "work" in the sense that you will see that someone commanded some masks to be sent to a hospital, the hospital used them, and some lives were saved. However, a basic understanding of economics informs us that pricing is a more efficient tool at getting masks where they are most needed, and is likely to save even more lives. Pricing simply works "better."