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View Full Version : I concede one point regarding the free market price system




Boshembechle
07-14-2014, 02:56 PM
As unfair as it often is, the price system does something almost instantly that, in a planned economy, would take years to be figured out. It gives producers signals on what to produce, and what not to produce. A high price signals that there is high demand and not enough supply, incentivizing producers to produce that item. The producers don't even need, or want, to know why the price is high, they just, out of their interest, see profit. This allocates resources efficiently.

In a system where prices are either controlled or non-existent, the state has to keep and check constant inventory to see what is demanded and what is not. This necessarily results in delays.

Seraphim
07-14-2014, 05:15 PM
So now that you hold this view..

Are you capable of further rationalizing/supporting State production and price fixing of essential goods that people require to SURVIVE?

NorthCarolinaLiberty
07-14-2014, 06:48 PM
As unfair as it often is, the price system does something almost instantly that, in a planned economy, would take years to be figured out. It gives producers signals on what to produce, and what not to produce. A high price signals that there is high demand and not enough supply, incentivizing producers to produce that item. The producers don't even need, or want, to know why the price is high, they just, out of their interest, see profit. This allocates resources efficiently.

In a system where prices are either controlled or non-existent, the state has to keep and check constant inventory to see what is demanded and what is not. This necessarily results in delays.


Why are you pretending to concede anything, and thus, being phony? You are pro liberty on the websites you visit, but pretend you are not pro liberty on RPF forums. Here, for example, is your pro liberty post on just one site: http://uselectionatlas.org/FORUM/index.php?topic=194264.0

You simply come here and post the questions that are posed to you by others on those other sites. You pick up the easy answers here, and then duplicate them on the sites you visit.

How much do you get paid on the other sites you visit?

FindLiberty
07-14-2014, 10:14 PM
(ignore list) blocked.

Ronin Truth
07-15-2014, 04:25 AM
It's a start, keep studying.

http://mises.org/books/anticapitalistic_mentality_mises.pdf
http://mises.org/books/humanaction.pdf
http://library.mises.org/books/Murray%20N%20Rothbard/Man,%20Economy,%20and%20State,%20with%20Power%20an d%20Market.pdf