InfoGrenades / Something as simple as a PENCIL explains why the Global economy works. Milton Friedman.

… and why attempting to centrally control economies CAN’T work.

In fact, in Sowell’s “Basic Economics” we come to the epiphany that “prices” flowing through free-market economies are what TRULY formed the World’s first communication network LONG before computers ever did. Across languages, cultures, and boundaries, “prices” transmit so much information encoded within them as they are passed from merchant to merchant.

Market economies aren’t thought of as technological innovations, but through Sowell we realize they are actually the GREATEST human technology ever created.

Infogrenade date: 2023-04-20 23:19:09 +0000 UTC

Post updated: 2023-04-20 23:19:09 +0000 UTC