"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Prices and Crisis II
Submitted by Michael Kleen on Fri, 2011-11-04 01:00
Prices do something that nothing else can. They convey information about what people actually want. More than that, they convey those signals in a way that allows thousands upon thousands of activities to be coordinated to produce those things.
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