{"id":44131,"date":"2020-11-12T01:00:59","date_gmt":"2020-11-12T06:00:59","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=44131"},"modified":"2020-11-11T11:25:28","modified_gmt":"2020-11-11T16:25:28","slug":"qotd-its-impossible-to-plan-the-economy","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2020\/11\/12\/qotd-its-impossible-to-plan-the-economy\/","title":{"rendered":"QotD: It&#8217;s impossible to plan the economy"},"content":{"rendered":"<blockquote><p><a href=\"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2019\/06\/QotD-thumbnail-400x400.png\"><img loading=\"lazy\" decoding=\"async\" style=\"float:left; padding: 0px 15px 0px 0px\" src=\"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2019\/06\/QotD-thumbnail-400x400.png\" alt=\"\" width=\"400\" height=\"400\" class=\"alignleft size-full wp-image-48672\" srcset=\"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2019\/06\/QotD-thumbnail-400x400.png 400w, https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2019\/06\/QotD-thumbnail-400x400-150x150.png 150w, https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2019\/06\/QotD-thumbnail-400x400-50x50.png 50w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a>So, government is this all knowing, all seeing, entity which can plan, in detail, what should be produced, by whom, where, at what price. That&#8217;s what we need to be true if we are to have an interventionist government which tries to plan the economy.<\/p>\n<p>Government is so ill-equipped to judge the future that it sold \u20ac6 billion&#8217;s worth of property off for \u00a31.6 billion \u2013 that&#8217;s what we need to be true for that \u00a34.5 billion loss, no? This is not a world in which we can trust government to plan our economy, is it?<\/p>\n<p>And which government exists in reality? Well, the complaint is that second. And the people complaining are largely those who insist that we should act as if we&#8217;ve government of the first type. No, they don&#8217;t note the discord in that logic either. Governments aren&#8217;t very good at economic decisions therefore governments must make more economic decisions for us all. If you can manage to believe that you too can join the Labour Party.<\/p>\n<p>Tim Worstall, <a href=\"http:\/\/www.continentaltelegraph.com\/economy\/that-ministry-of-defence-housing-deal-proves-its-impossible-to-plan-the-economy\/\" rel=\"noopener noreferrer\" target=\"_blank\">&#8220;That Ministry Of Defence Housing Deal Proves It\u2019s Impossible To Plan The Economy&#8221;, <em>Continental Telegraph<\/em><\/a>, 2018-07-13.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>So, government is this all knowing, all seeing, entity which can plan, in detail, what should be produced, by whom, where, at what price. That&#8217;s what we need to be true if we are to have an interventionist government which tries to plan the economy. Government is so ill-equipped to judge the future that it [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":35193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,25,84,41],"tags":[712,156,143],"class_list":["post-44131","post","type-post","status-publish","format-standard","hentry","category-britain","category-economics","category-government","category-quotations","tag-centralplanning","tag-fail","tag-labour"],"jetpack_featured_media_url":"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2016\/06\/favicon.png","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-btN","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/44131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=44131"}],"version-history":[{"count":3,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/44131\/revisions"}],"predecessor-version":[{"id":61413,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/44131\/revisions\/61413"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media\/35193"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=44131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=44131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=44131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}