#11: Central planning can be described as...

One easy to understand reason is that central planners in the days of the Soviet Union had to set over 24 million prices. Nobody is capable of setting and changing 24 million prices in a way that will direct resources and output in an efficient manner.

Thomas Sowell

At http://www.creators.com/opinion/thomas-sowell/amateurs-outdoing-professionals... read more.

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