Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Clinton's Scandals: Is this corruption the worst ever? -- Ignore unavailable to you. Want to Upgrade?

To: PiMac who wrote (12627)	5/22/1999 10:55:00 PM
From: Neocon	Read Replies (1) \| Respond to of 13994

Paragraph 1.) No... P2.) Maybe... P3.) The economic system yields to the intermediate form of calculation, precisely because that is the more realistic way of assessing what must be done... P4.) It is not a matter of efficiency, precisely, but of realism... P5.) Mostly, government intervention in the economy merely harms it, by distorting the information contained in the price system, and leading to bad decisions, and by confusing incentives. If you will not factor in the irreducible aspect of contingency, and the resulting uncertainty, as being central to the process of utilizing resources, and if you will not acknowledge that competition for resources is unavoidable, then you will waste a great deal of time in trying to find a method of allocation that is efficient and frictionless ...