Central planners and interventionists always fail because they fundamentally don't understand how the economy works.
— Ron Paul (@RonPaul) May 27, 2023
They think the economy is like a mechanical machine that can successfully be manipulated with their interventions.
Nothing could be further from the truth.
Because bureaucrats can’t possibly anticipate the consequences of their interventions, they always end up multiplying problems for everyone, including themselves.
— Ron Paul (@RonPaul) May 27, 2023
The economy isn't a machine. It’s individuals making split-second choices, based on their own unique circumstances.
What each person expects to happen in the future plays an important part in their decisions. Their knowledge, past experiences, and beliefs all play a part.
— Ron Paul (@RonPaul) May 27, 2023
Every decision in the economy is based on individual thoughts and values.
Bureaucrats can’t “manage” this!
Life is far too complex, and the interventionists with their “tools” and "models" can never account for all of variables involved in each individual decision.
— Ron Paul (@RonPaul) May 27, 2023
Watch Friday’s Liberty Report here: https://t.co/1X3AV3OFgn
