oOoStarchildoOo

State central planning requires perfect information, because those in power are responsible for the entire economy. With economic freedom, each individual acts to meet their wants and needs and provide for others based on what they know, avoiding solutions based on inadequate knowledge being imposed on everyone from the top down. Because no one will ever have perfect information – people and the economy are constantly changing. The only approach that really works is freedom – letting people do as they choose with their own lives, bodies, and resources, so long as it does not involve initiating force or fraud against others.

Perfect information is a requirement for a centrally planned economy. In the spontaneous order of a free economy, no one is responsible for everything – each person acts based on the part of the economy and their wants and needs that they are aware of, and people aren't stuck relying on some top-down, centralized power to impose one-size-fits-all solutions.