No Plan? No Problem
November 20, 2007 • by Kevin Schmiesing
The Cato Institute and Randal O’Toole offer an appealing new book, The Best Laid Plans—a recounting of the failures of government planning. Think of it as extensive documentation of the truth Hayek observed half a century ago: it is impossible for a central authority to collect all the information or make all the predictions necessary to foresee how economic activity will play out. Continue Reading...