Friday, August 26

Planning For Failure

From cafe Hayek, an MIT professor finds the solution to high oil prices in a scheme to have the best and brightest take over the helm of the American energy market, and force it to conform to their more rational plan for production and consumption.

Dr. Heywood differs from Chinese communists--in that he is not Chinese, and he would most likely balk at the accuracy of the label "communist".

The functions and importance of the system of free prices is a pretty big thing to not know about. And it takes more than a pinch of hubris to be willing to go out in public and unflinchingly display that ignorance. But Dr. Heywood plows ahead, nonetheless.

On second thought, he's perfect for the job.

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