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r/libpol Grain of rice I thought the wall of text was our thing... Brain size of the average planned economy fan Lib-right Peter Griffin here to explain the meme. Basically, this meme is a reference to the failure of economic planning due to the economic calculation problem which was proposed by Ludwig von Mises in his 1920 article "Economic Calculation in the Socialist Commonwealth" and later expanded upon by F.A. Hayek in essays such as "The Use of Knowledge in Society." They concluded the price system of market economies is required to provide the necessary information to efficiently allocate resources and make economic calculations.

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How is order maintained and the issue of economic scarcity dealt with? Authoritarian Government & Government Property Rights Economic- Left Economic- Right IDK (It's going to be a government) Property Rights Libertarian

LIBERTE EGALITE FRATERNITE FRATERNITE EGALITE LIBERTE

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Authoritarian You do not recognize the bodies in the water. Economic- Left You do not recognize the bodies in the water. You do not recognize the bodies in the water. Economic- Right You do not recognize the bodies in the water. Libertarian

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r/libpol Grain of rice I thought the wall of text was our thing... Brain size of the average planned economy fan Lib-right Peter Griffin here to explain the meme. Basically, this meme is a reference to the failure of economic planning due to the economic calculation problem which was proposed by Ludwig von Mises in his 1920 article "Economic Calculation in the Socialist Commonwealth" and later expanded upon by F.A. Hayek in essays such as "The Use of Knowledge in Society." They concluded the price system of market economies is required to provide the necessary information to efficiently allocate resources and make economic calculations.

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