Like all forms of socialism, the Green New Deal suffers from what Ludwig von Mises identified as the “calculation problem.” Knowledge of the most efficient use of resources is conveyed by prices set in a free market. Prices reflect individuals’ subjective preferences regarding the best use of resources. When government uses force to remove resources from the marketplace, it makes it impossible for the price system to function, leaving government officials and private citizens unable to determine the most efficient use of resources. That is why every attempt at government management of the economy inevitably reduces the people’s standard of living.
# – # – # – # – #
“Like all forms of socialism” leads to poverty, death, and destruction.
“That is why every attempt at government management of the economy” leads to Unintended Consequences!
That’s why to the socialist “Green Dealers” I say “you are out of your <synonym for the act of procreation> minds”!
— 30 —