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David Zetland Speaking Words of Wisdom

/ Economics / By Lynne Kiesling

Lynne Kiesling

From the wish-I’d-said-it file (actually, I have said it, just not so eloquently), at Aguanomics:

The problem with planners is that they cannot be as flexible or accurate as individuals making their own choices when those choices do not affect each other or can be coordinated at a low cost.

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