"Planning is inefficient compared to having 90% of economic decision making power devoted to not allocating resources but speculating on what might happen to that allocation in the future, and then tying a bunch of unrelated speculations together, abstracting it three levels, and pretending it's "risk managed"."
"Planning is inefficient compared to having 90% of economic decision making power devoted to not allocating resources but speculating on what might happen to that allocation in the future, and then tying a bunch of unrelated speculations together, abstracting it three levels, and pretending it's "risk managed"."