#calculationproblem search results
The astonishing arrogance and hubris of the central planner knows no bounds. #CalculationProblem #KnowledgeProblem
Karl Marx and Lucille Bluth have much in common. For example, neither can know the real price of anything. #ArrestedDevelopment #CalculationProblem.
Yeah. Doy. "Socialism" #calculationproblem
Such simple math and you have to recalculate again and again. #calculationproblem
The history of the 20th century is full of examples of countries that set out to redistribute wealth and ended up redistributing poverty.
It's not an error to say that #socialism, or non-market planning and allocation of resources, has not worked historically, but it reinforces the illusion of it being a fixable problem. The fact is that socialism *cannot* work, which means it never will. #calculationproblem #Mises
This is the best explanation of why socialism can’t work. And it all starts with a simple question: what would happen if we had no prices? Produced by @LearnLiberty
"Police have no rational method of allocating resources. Priorities r set by politics." lewrockwell.com/lrc-blog/polic… #Ferguson #CalculationProblem
Brilliant economists are saying Hayek was right about the past, but AI changes the game. "The calculation problem? Solved. Modern supercomputers can handle what Soviet planners couldn't." Here's why even smart people are missing something fundamental. 🧵
And proven impossible in the 1920s. #CalculationProblem Command economies fail
Central planning is an oxymoron. Without prices economic planning cannot take place. #CalculationProblem #Austrian
The day of the Triffen. zerohedge.com/news/2016-04-0… #EndTheFed #centralplanningfails #calculationproblem
@jperlow @robert_bruce_iv @RadioFreeTom Except for every economist worthy of the title. #calculationproblem
Brilliant economists are saying Hayek was right about the past, but AI changes the game. "The calculation problem? Solved. Modern supercomputers can handle what Soviet planners couldn't." Here's why even smart people are missing something fundamental. 🧵
Karl Marx and Lucille Bluth have much in common. For example, neither can know the real price of anything. #ArrestedDevelopment #CalculationProblem.
This is the best explanation of why socialism can’t work. And it all starts with a simple question: what would happen if we had no prices? Produced by @LearnLiberty
#Economics #FailedFakeScience #CalculationProblem von Mises: “In the imaginary construction of a stationary economy the total sum of all entrepreneurs’ profit equals the total sum of all entrepreneurs’ losses.” This is provably false. The axiomatically correct macroeconomic…
@NigelClarkeJa @NationwideRadio could this be the problem some of our teachers and other professionals are having with the new salaries #calculationproblem
The astonishing arrogance and hubris of the central planner knows no bounds. #CalculationProblem #KnowledgeProblem
#Hayek 's knowledge problem critique & #Mises #CalculationProblem critique of socialism are perfectly complementary while they stand on their own against socialism.
They pay far too much attention to Hayek's knowledge problem. The reason socialism and non-market planning is impossible is due to the absence of economic calculation outside of the market price system.
Yeah. Doy. "Socialism" #calculationproblem
Great podcast episode with @bratton a.o. on the problem of calculating ecological and future impact of production into prices. #NowListening #FutureHistories #calculationproblem castbox.fm/x/1YQ2A
I'm not sure about that. I think it is something to do with Vulgar Fractions, and the the Ambient Number Recurring...🤔#CalculationProblem #RoughEstimate #Frustration
Prices are information that dictates in real time where finite resources are best allocated within a society. Socialism ignores that system of quick information dissemination, resulting in unnecessary shortages in some areas & wasteful surpluses in others. #calculationproblem
To destroy any Economy all you have to do is control the prices of all good and service and stop private property. #CalculationProblem and #KnowledgeProblem
(Part 1) How To Destroy The Nigerian Economy by @prof_teealex #NigeriaAt60 link.medium.com/9nbGk8KOdab
The history of the 20th century is full of examples of countries that set out to redistribute wealth and ended up redistributing poverty.
amazon & facebook analytics solve the “#CalculationProblem” of #Socialism Just-In-Time Production & Demand Prediction are STANDARD BUSINESS PRACTICES now, so CEO’s are irrelevant & if the workers owned all stock,… instagram.com/p/B8zJanaHolD/…
@amazon & @Facebook analytics solve the “#CalculationProblem” of #Socialism 🤷🏾♂️ So there is literally no more rationale for #Capitalism except for psychopathy.
w/o socialism Boaz, you guys at Cato wouldn't wouldn't know what to privatize #calculationProblem
Sounds like they don't fully understand Mises' arguments. Walmart still exists in a world with capital markets, money, competition, etc. versobooks.com/books/2822-peo… #CalculationProblem #Mises @mises #economics #socialism
The astonishing arrogance and hubris of the central planner knows no bounds. #CalculationProblem #KnowledgeProblem
Karl Marx and Lucille Bluth have much in common. For example, neither can know the real price of anything. #ArrestedDevelopment #CalculationProblem.
Something went wrong.
Something went wrong.
United States Trends
- 1. Epstein 521K posts
- 2. Epstein 521K posts
- 3. Steam Machine 18.2K posts
- 4. Virginia Giuffre 24.1K posts
- 5. Boebert 8,643 posts
- 6. Rosalina 54.7K posts
- 7. #NASDAQ_NXXT N/A
- 8. Valve 13.7K posts
- 9. Steam Frame 13.1K posts
- 10. Brie Larson 20K posts
- 11. H-1B 85.2K posts
- 12. AJ Brown 7,541 posts
- 13. The Devil Wears Prada 2 37.5K posts
- 14. Bowser Jr 16.8K posts
- 15. Michael Wolff 12.2K posts
- 16. #NASDAQ_MYNZ N/A
- 17. SteamOS 2,804 posts
- 18. #BLACKROCK_NXXT N/A
- 19. Steam Deck 5,966 posts
- 20. GabeCube N/A