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Oscar Night Open

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lostlakehiker2/28/2011 9:18:23 am PST

re: #531 jamesfirecat

Why isn’t it possible exactly?

Because there aren’t enough jobs to be done?

Because the government doesn’t have enough information about what needs to be done.

The baker can judge, by sales of this or that type of cookie, which cookies need to be produced in greater number, and which, in lesser. The government has a satellite’s eye view of the economy. There aren’t enough bureaucrats to take care of every cookie decision, every leaky faucet, and so forth.

Socialist economies have tended to resolve this problem by setting quotas. But if a nail factory gets credited for nails by count, they’ll produce many small nails and no big ones. If it’s credited for kg’s of nails, it’ll produce big nails. This was exactly what happened in the Soviet Union.

Changing topics big time, here’s a flying pig moment: a couple of heavily conservative Republicans have stepped up to defend Michelle Obama’s campaign against childhood obesity. Republican heavy hitters step up to the plate for Michelle.