“The chief merit of the price system is that it makes effective use of information that is not available to any single decision maker. When the price system is overridden, information is discarded. When information is discarded, resources are misallocated. When resources are misallocated, prosperity suffers. If you’re trying to make people prosperous, relying on prices is your best strategy.”
― Can You Outsmart an Economist?: 100+ Puzzles to Train Your Brain
― Can You Outsmart an Economist?: 100+ Puzzles to Train Your Brain
Eduardo’s 2025 Year in Books
Take a look at Eduardo’s Year in Books, including some fun facts about their reading.
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