You Can’t Run an Economy with Spreadsheets

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The bad ideas about central planning economies die hard. In this article from Mises Daily, Nicolás Cachanosky gets back to the basics of why it is simply impossible for government planners to successfully plan what an economy should produce and why some politicians still seem to be under the impression that an economy can be successfully planned with computers and technicians as long as the right data is entered into spreadsheets.

1:51 pm on August 26, 2014